Question
Please help, I will leave a thumbs up =) Please provide answer in the format provided. Thank you so much! Comparative balance sheets for 2021
Please help, I will leave a thumbs up =) Please provide answer in the format provided. Thank you so much!
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.
Additional information from the accounting records:
Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.
During 2021, equipment with a cost of $510,000 (90% depreciated) was sold.
The statement of shareholders equity reveals reductions of $210,000 and $385,000 for stock dividends and cash dividends, respectively.
Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.)
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