Finisanamps Statement of Cash Flows indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts avec Acco r 23.000 cal retire bonds Babe sative with answers when ag O Type here to search 3 6 1 ps lock Return to course Prepaid expenses increase 12,800 Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATION Statement of Cash Flows For Year Ended December 31 Cash Flow from Operating Activities Net Income Add (deduct items to convert net income to cash basis Depreciation Amortization Gain on Sale of Equipment Accounts Receivable Increase Inventory Increase Prepaid Expenses increase Accounts Payable Decrease Wages Payable Decrease Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Sale of Equipment Purchase of Land Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Common Stock Retirement of Bonds Payable Payment of Dividend Cash Used by Financing Activities Net Decreate in Cash Cash at Beginning of Year Cash at End of Year You have correctly selected o. O Type here to search