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Please show work! A comparative balance sheet and an income statement for Burgess company are given below. Burgess also provided the following information: 1. The
Please show work!
A comparative balance sheet and an income statement for Burgess company are given below. Burgess also provided the following information: 1. The company sold equipment that had an oniginal cost of $24 milion and accumulated depreciation of $13 milion. The cash proceeds from the sale were $13 milion. The gain on the sale was $2 milition 2. The company did not issue any new bonds during the year 3 The company paid a cash dividend during the year 4 The company did not complete any common stock transactoons during the year Required: Using the indirect method, prepare a statement of cash flows for the year. (Enter your answers in millions not in dollars. List any deduction in cosh and cosh outhlows as negative amounts.) Step by Step Solution
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