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Net income was $15, 300. Dividends declared and paid were $13, 400. Equipment which cost $10,000 and had accumulated depreciation of $2, 200 was sold
Net income was $15, 300. Dividends declared and paid were $13, 400. Equipment which cost $10,000 and had accumulated depreciation of $2, 200 was sold for $3, 800. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare statement of cash flows for 2020 using the indirect method
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