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please help with cash flow statement Cash Accounts Receivable inet) Inventories Prepaid Expenses Land Buildings Accumulated Depreciation-Buildings Machinery and Equipment Accumulated Depteciaiton - Machinery and
please help with cash flow statement
Cash Accounts Receivable inet) Inventories Prepaid Expenses Land Buildings Accumulated Depreciation-Buildings Machinery and Equipment Accumulated Depteciaiton - Machinery and Equipment Patents Total Assets \begin{tabular}{rr} 106,960 & 112,000 \\ \hline 4,251,800 & 3,724,420 \\ \hline \end{tabular} Liabilities and Satockholders Equity Accounts Payable Dividends Payable Salaries Payable Mortgage note payable ude in 10 years Bonds Payable Common Stock. 45 PAR Paid-in Capital in excess of par Retained earnings Total liabilities and Stockholders equity \begin{tabular}{rrr} 837,480 & 927,080 \\ 32,760 & 25,200 \\ 78,960 & 87,080 \\ 224,000 & 0 \\ 200,400 & 390,000 \\ 366,000 & 50,400 \\ 2.512,200 & 126,000 \\ \hline 4,251,800 & 3,724,420 \\ \hline \end{tabular} An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4 a. There is a $524,580 credit to Retained Earnings for Net Income b. Depreciation expense reported on the income statement: Building $51,660 \& Machinery and equipment $22,2680 c. Patent amortization reported on the income statement $5,040 d. A building was constructed for $579,600 e. A mortgage note for $224,000 was is sued fo rcash f. 30,000 shares of common stock were issued at $13 in exchange for the bonds payable. g. Cash dividends declared $131,040 Instructrions Prepare a statement of cash flows, using the indirect method of presenting cash flows from/used for operatingactivitiesStep by Step Solution
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