Question 8

The following information is available for Shamrock, Inc. for the year ended December 31, 2022.

Beginning cash balance		$ 51,300
Accounts payable decrease		4,200
Depreciation expense		184,700
Accounts receivable increase		9,300
Inventory increase		12,500
Net income		323,900
Cash received for sale of land at book value		39,900
Cash dividends paid		13,700
Income taxes payable increase		5,400
Cash used to purchase building		329,500
Cash used to purchase treasury stock		29,600
Cash received from issuing bonds		228,000

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).)

Shamrock, Inc.