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Hyde Company's records for 2019 provide the following information: a. amortization of premium on bonds payable, $500 h. gain on sale of land, $7,800 b.
Hyde Company's records for 2019 provide the following information: a. amortization of premium on bonds payable, $500 h. gain on sale of land, $7,800 b. purchase of equipment, $6,000 c. depreciation expense, $7,300 decrease in accounts receivable, d. $700 decrease in accounts payable, e. $2,700 issuance of long-term note for cash, \$4,200 g. increase in inventories, $7,600 Required: i. increase in prepaid assets, $400 j. declaration and payment of cash dividends, $1,800 k. increase in wages payable, $600 patent amortization expense, $1,000 m. net income, $10,200 Prepare the operating activities section of the 2019 statement of cash flows for Hyde Company using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments
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