Menu QUESTION 25 Not complete Points out of 1.00 P Rag question Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement ot flows using the indirect method: Accounts payoble decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par 136,500 Cash received from issuance of common stock 81,900 Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory increase Net income Prepaid expenses increase cash 9,100 12,740 5,460 29,120 54,600 12,740 10,920 182,000 21,840 70,980 25,480 23,660 174,720 14,560 Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATION Statement of Cash Flows For Year Ended December 31