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Prepare statement of cash fiows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and 2020 are presented for
Prepare statement of cash fiows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and 2020 are presented for Graham industries, inc. (Click the ison to view the income statement. [Click the icon to view the balance theets.] (Click the ioon to view additional information.) Requirement Prepare a statement of cash flows for Graham Industrini, Inc. for the year ended Decomber 31, 2021, using the indirect method. ncome Statement Income Statement Balance Sheets Balance Sheets Additional information follows: a. Sold plant asset for $4,600. The original cost of this plant asset was $10,400 and it had $8,800 of accumulated depreciation associated with it. b. Paid $7,000 on the bonds payable; issued $42,000 of new bonds payable. c. Declared and paid cash dividends of $4,800. d. Purchased new investment for $19,000. Paid cash. e. Purchased new equipment for $45,400. Paid cash
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