Question 12 of 12 0.52/3 \begin{tabular}{lrr} Liabilities and Stockholders' Equity & & \\ \cline { 1 - 1 } Accounts payable & $91,800 & $60,570 \\ Accrued expenses payable & 14,850 & 18,900 \\ Bonds payable & 99,000 & 131,400 \\ Common stock & 198,000 & 157,500 \\ Retained earnings & 210,600 & 94,905 \\ \hline Total & $614,250 & $463,275 \\ \hline \hline \end{tabular} Kingbird Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $349,614 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense $121,91411,16941,85024,5524,257 Additional information: 1. New plant assets costing $90,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $51,750 and accumulated depreciation of $43,650 were sold for $1,350 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $23,427 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15.000).) Question 12 of 12 0.52 / 3 Question 12 of 12 0.52/3 Net Increase in Cash Cash at End of Period $ eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer Question 12 of 12 0.52/3 \begin{tabular}{lrr} Liabilities and Stockholders' Equity & & \\ \cline { 1 - 1 } Accounts payable & $91,800 & $60,570 \\ Accrued expenses payable & 14,850 & 18,900 \\ Bonds payable & 99,000 & 131,400 \\ Common stock & 198,000 & 157,500 \\ Retained earnings & 210,600 & 94,905 \\ \hline Total & $614,250 & $463,275 \\ \hline \hline \end{tabular} Kingbird Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $349,614 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense $121,91411,16941,85024,5524,257 Additional information: 1. New plant assets costing $90,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $51,750 and accumulated depreciation of $43,650 were sold for $1,350 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $23,427 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15.000).) Question 12 of 12 0.52 / 3 Question 12 of 12 0.52/3 Net Increase in Cash Cash at End of Period $ eTextbook and Media Save for Later Attempts: 1 of 3 used Submit