Make a statement of cash flows using the indirect method

The following 10 items of additional information are needed for the statement of cash flows

1. We loaned $8,000 in cash to another company and received a 9%, 6 month note.

2. We acquired a patent for $2,000 in cash.

3. We sold 2,000 shares of new common stock on April 1, 2021, for $28.50 per share in cash.

4. We sold equipment for $9,000 in cash. The equipment cost $24,000 and had a book value of $10,000.

5. We sold $4,000 of available for sale securities for $6,100 in cash.

6. We purchased new equipment for $21,000 and paid for it by issuing $20,000 of bonds to the equipment dealer.

7. We amortized the existing franchise and the newly acquired patent (part 2 above).

8. We DECLARED a total of $15,000 in cash dividends at various times during the year.

9. We recorded depreciation on the equipment.

10. We checked the remaining balance sheet accounts to make sure all of the changes from 2020 to 2021 had been fully explained on the cash flow statement.