Just specify how to get the Net Income

0 File C:/Users/Mshar/OneDrive/uI20%2bw/ACC/ACC213%201%20Level%204%20)/CH 4. Dividends paid amounted to 10,000. 5. Depreciation charged for the year was 28,000. Instructions Prepare a statement of cash flows for the year 2015 using the indirect method. 24 E23-16 (Cash Provided by Operating, Investing, and Financing Activities) The statement of financial 5 position data of Yang Company at the end of 2015 and 2014 follow (amounts in thousands). 2015 2014 Equipment WOW 90,000 V 75,000 Accumulated depreciation equipment (18,000) (8,000) Land 70,000 40,000 Inventory 65.000 45,000 Accounts receivable (net) 55,000 45,000 Prepaid expenses 15,000 25,000 Cash 30,000 35,000 V307,000 V257,000 Share capital --ordinary, $10 par V189,000 V159,000 Retained earnings 8,000 5,000 Notes payable-bank, long-term -0- 23,000 Bonds payable 30,000 -0- Accounts payable 65,000 52.000 Accrued expenses 15,000 18,000 V307,000 V257,000 Land was acquired for 430,000 in exchange for ordinary shares, par 430,000, during the year; all equipment purchased was for cash. Equipment costing 713,000 was sold for $3,000; book value of the equipment was 46,000. Cash dividends of 9,000 were declared and paid during the year. Instructions Compute net cash provided (used) by: (a) Operating activities (indirect). (b) Investing activities. (c) Financing activities. hp