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Prepare statement of cash flow During 2011, Wu Corporation engaged in these transactions: a. Sold at a gain of $7,000 furniture and fixtures that cost

image text in transcribed Prepare statement of cash flow
During 2011, Wu Corporation engaged in these transactions: a. Sold at a gain of $7,000 furniture and fixtures that cost $35, 600, on which it had accumulated depreciation of $28.800 b. Purchased furniture and fixtures in the amount of $39, 600. c. Paid a $20,000 note payable and borrowed $40,000 on a new note. d. Converted bonds payable in the common of $100,000 into 4,000 shares of common stock. e. Declared and paid $6,000 in cash dividends

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