q6(f)

The following is a comparative statement of financial position and incrime statament for Skysong Corporation: Liabilities and Shareholders' Equity \begin{tabular}{lrr} Accounts payable & $75,480 & $83,640 \\ Income taxpayable & 21,420 & 14,280 \\ Bonds payable & 918,000 & 969,000 \\ Common shares: & 204,000 & 142800 \\ Retained eamings & 294,800 & 267,220 \\ \hline & $1,513,700 & $1,476,940 \\ \hline \end{tabular} ADDITIONAL INFORMATION: ADDITIONAL INFORMATION: Depreciation experine is inclubed in operatine expensen During the year, equipment that oripinally cost $102000 was sold foc cash. The coipment was 600 decececiated at the time of the sile. - Long-terminvestments were purchased for cashuturing the year. Prepare a staterient of cash flows for Skyong Cocporation usine the indirect method. Show omount that decresse comh flow with either a- signes- 15,000 or in parenthesis es (15,000) Skysong Corporation Statement of CashFlows - Indirect Method 3 Adjustment to reconcile proht to $ 5