Question
Please help me solve this table based on the information below: The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided
Please help me solve this table based on the information below:
The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.
Additional Information for 2020:
1. Borrowed $490,000 in January 2020. Made 12 monthly payments during the year, reducing the balance of the loan by $37,632.
2. Issued common stock for $1,200,000.
3. Purchased 11,000 shares of treasury stock for $14 per share.
4. Reissued 5,500 shares of treasury stock at $15 per share.
5. Declared and paid a cash dividend of $124,500.
1. Required:
Prepare the statement of cash flows for the year ended December 31, 2020, using the indirect method. (List cash outflows as negative amounts.)
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