Question 6 Partially correct Mark 2.99 out of 3.33 Statement of Cash Flows (Indirect Method) Information for Newcastle Corporation Accounts payable decrease Accounts receivable increase $13,000 18,200 Wages payable decrease Amortization expense Cash balance, January 1 7,800 41,600 78,000 Cash balance, December 31 18,200 Cash paid as dividends 15,600 Cash paid to purchase land 260,000 Cash paid to retire bonds payable at par 195,000 Cash received from issuance of common stock 117,000 Cash received from sale of equipment 31,200 Depreciation expense 101,400 Gain on sale of equipment 36,400 Inventory increase 33,800 Net income 249,600 20,800 Flag question Prepaid expenses increase (a) Use the information above to prepare a statement of cash flows for Newcastle Cor