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Instructions Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using
Instructions Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2019, using the indirect method. E12-6 The following information is available for Stamos Corporation for the year ended December 31, 2019. Prepare statens flows-indirec I Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 45,000 10 2) 3,700 162,000 8,200 11,000 284,100 35,000 12,000 4,700 289,000 26,000 200,000 KREDRTOR E7 FB F10 F11 F12 A Scr Lk & k E2 9620Accounting %2010th %20E dit % 20 %20Jery %6201 %20Weygandt.pdf E12-9 Here are comparative balance sheets for Velo Company. Prepare a s flows-ind (LO 2) VELO COMPANY Comparative Balance Sheets December 31 2019 Assets 2018 $ 63,000 85,000 170,000 75,000 270,000 (66,000) Cash 22,000 76,000 189,000 100,000 200,000 (32,000) Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total $597,000 $555,000 Liabilities and Stockholders' Equity $39,000 150,000 216,000 192,000 $47,000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings 200,000 174,000 134,000 $555,000 $597,000 Total Additional information: 1. Net income for 2019 was $93,000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2019, but land was sold at cost Instructions Prepare a statement of cash flows for 2019 using the indirect method
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