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instructions: Prepare the statement of cash flows. (required) A worksheet is provided (optional) Scroll down for worksheet and place to prepare statement of cash flows
instructions: | Prepare the statement of cash flows. (required) | ||
A worksheet is provided (optional) | |||
Scroll down for worksheet and place to prepare statement of cash flows | |||
ADDITIONAL INFORMATION | |||
Net Income for the year | 21,632 | ||
Depreciation expense | 5,000 | ||
Cash dividends declared and paid | 8,600 | ||
Cash received for equipment sold | 2,000 | ||
Original cost of equipment | 7,200 | ||
Loss on sale of equipment | 1,000 | ||
Additional equipment purchased for cash | 29,800 | ||
Investments were sold at cost. | |||
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