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Intel Corporation provided the following financial information for the quarter ending March 31, 2024: Net income: $3,000,000 Depreciation expense: $600,000 Increase in accounts receivable: $300,000
Intel Corporation provided the following financial information for the quarter ending March 31, 2024:
- Net income: $3,000,000
- Depreciation expense: $600,000
- Increase in accounts receivable: $300,000
- Decrease in inventory: $200,000
- Increase in accounts payable: $400,000
- Decrease in accrued liabilities: $100,000
- Purchase of equipment: $800,000
- Issuance of common stock: $1,000,000
- Payment of dividends: $400,000
Prepare the cash flow statement for Intel Corporation using the indirect method.
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