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Purchase of marketable securities $ 138,000 Depreciation and amortization expense 45,200 Declaration of preferred dividends 7,000 Increase in Prepaid Assets Loss on sale of equipment
Purchase of marketable securities $ 138,000 Depreciation and amortization expense 45,200 Declaration of preferred dividends 7,000 Increase in Prepaid Assets Loss on sale of equipment Net income 3,500 2,900 297,800 Beginning Cash balance 24,240 Repayment of bank loan 125,000 Payment for purchase of equipment 50,750 Increase in Accounts Receivable 17,760 Stock-based compensation 180,000 Proceeds from issuing common stock 25,000 Decrease in Inventory 16,200 Decrease in Accounts Payable 13,900 Ending Cash balance 242,430 Using the indirect method, construct Sunland Company's statement of cash flows. (Show amounts that decrease cash flow with either a sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Sunland Company Statement Of Cash Flow Net cash. by activities 10 Net cash by activities Net cash by activities
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