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ew Policies urrent Attempt in Progress The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $43,000
ew Policies urrent Attempt in Progress The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $43,000 Accounts payable decrease 3,500 Depreciation expense 154,000 Accounts receivable increase 8,100 Inventory increase 12.000 Net income 281,300 Cash received for sale of land at book value 31.000 Cash dividends paid 11,000 4.600 291,000 Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 29,000 182,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-5 parenthesis eg. (15,000).) STAMOS CORPORATION Statement of Cash Flows-Indirect Method
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