PROBLEM: UNDERSTANDING CASH FLOW Prepare a Statement of cash Flows in good form based upon the data below for the Syzmanski company: Additional data: Depreciation expense was $10,000. Dividends declared and paid were $15,000. During the year equipment was sold for 510,500 cash. This equipment cost $20,000 originally and had accumulated depreciation of $11,500 at the time of sale. On December 30, the Company purchased new equipment for $18,00.0. PROBLEM: UNDERSTANDING CASH FLOW Prepare a Statement of cash Flows in good form based upon the data below for the Syzmanski company: Additional data: Depreciation expense was $10,000. Dividends declared and paid were $15,000. During the year equipment was sold for 510,500 cash. This equipment cost $20,000 originally and had accumulated depreciation of $11,500 at the time of sale. On December 30, the Company purchased new equipment for $18,00.0