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pany Statement of Cash Flows-Indirect Method The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31,
pany Statement of Cash Flows-Indirect Method The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2015. Increase in long-term debt.... $ 57,000 Purchase of treasury stock... 52,000 Depreciation and amortization. 197,000 Gain on sale of equipment (included in net income) 6,000 Proceeds from issuance of common stock 184,000 Purchase of equipment 434,000 Proceeds from sale of equipment 20,000 Payment of dividends 49,000 Net income 375,000 Increase (decrease) in working capital accounts: Cash...... 45,000 Accounts receivable 229,000 275,000 Inventories 167,000 Trade notes payable 124,000 Accounts payable (34,000) Income taxes payable.. 120,000 Cash balance, January 1, 2015 Instructions: From the information given, prepare a statement of cash flows using the indirect method
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