Prepare a statement of cash flows for Metro Moving Company for the year ended December 31,2016 using the indirect method. (Show amounts that decrease cash flow with either a negative sign or parentheses)

Question Whiskey Industries Ltd., a Nanaimo, British Columbia-based company, has a December 31 year end. The company's comparative statement of financial position and its statement of income for the most recent fiscal year are presented here along with some additional information 1. During the year, Whiskey Industries sold, for $590 cash, equipment that had an original cost of $1,180 and a net carrying amount of $240 2. Whiskey Industries borrowed an additional $9,440 by issuing notes payable in 2016. 3. During the year, the company purchased a piece of land for a future manufacturing site for $236,000. The land was purchased with no money down and the company entered into a mortgage payable for the full amount