Expanded Statement of Cash Flows Financial statements for McDowell Company as well as additional information relevant to cash flows during the period are shown. Additional information: 1. Store equipment was sold in 202 for $22,200. Additional information on the store equipment sold is shown. 2. Depreciation expense for the year was $113,900. 3. The following purchases were made for cash: 4. Declared and paid cash dividends of $60,000. 5. Issued 8,000 shares of $10 par common stock for $14 per share. 6. Acquired additional store equipment by issuing a note pavable for $15.000. Total property, plant, and equipment Liabilitles Current liabilities: Cash flows from operating activities: purchased store equipment Purchased delivery equipment Purchased office equipment Net cash used by investing activities Cash flows from financing activities: Issued common stock Pald cash dividends Net cash provided by financing activities Net increase in cash and cash equivalents V Cash and cash equivalents, January 1, 20-2 Cash and cash equivalents, December 31,202 Schedule of Noncash Investing and Financing Activities: Acquired store equipment by issuing a note payable Supplemental Disclosures of Cash Flow Information: Cash paid for interest Cash paid for income taxes V