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It can be handwritten it is fine PROBLEM The following are accounting items taken from the records of Blue Note Records for 2019: Payment of

It can be handwritten it is fineimage text in transcribed

PROBLEM The following are accounting items taken from the records of Blue Note Records for 2019: Payment of dividends $24,000 Decrease in accounts payable $19,000 Decrease in accounts receivable Increase in inventories Increase in salaries payable Net income Payment for purchase of land and buildings Issuance of ten-year bonds payable at par Depreciation expense Proceeds from sale of equipment $21,000 $ 6,000 $18,000 $42,000 $60,000 $20,000 $10,000 $27,000 Beginning cash 1/1/19 $7,000 Required: Prepare a full statement of cash flows for Blue Note Records for 2019 in good form, using the indirect method for operating activities. Use the Excel Template File below to construct the financial statement and upload when complete

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