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Ford Motor Company provides the following information for the year ended December 31, 2024: Net Income: $1,200,000 Depreciation Expense: $300,000 Changes in Accounts Receivable: $50,000

Ford Motor Company provides the following information for the year ended December 31, 2024:

  • Net Income: $1,200,000
  • Depreciation Expense: $300,000
  • Changes in Accounts Receivable: $50,000 (increase)
  • Changes in Inventory: $30,000 (decrease)
  • Changes in Accounts Payable: $40,000 (increase)
  • Purchase of Equipment: $500,000 Prepare a cash flow statement using the direct method.

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