Problem $7$

Comparative balance sheets for EM Company are presented below:

Additional Information:

Sold PP&E with an original cost of $$40$ and Accumulated Depreciation of $$16$ for $$20.$

Sold long term investments with an original cost of $$3$ for $$10$

Paid dividends of $$30$

Instructions:

A$.$ Prepare a statement of cash flows using the indirect method.