Statement of Cash Flows (Indirect Method) Use the following information about Lund Corporation for the month of August to prepare a statement of cash flows for August under the indirect method. Accounts payable increase $13.500 Accounts recevable increase 6.000 Accrued Sabilibes decrease 4.500 Amortization exper 9.000 Cash balance beginning of August 33.000 Cash balance, end of August 22.500 Cash paid as dividends 43.500 Cash paid to purchase land 135.000 Cash paid to retire bonds payable at par 90.000 Cash received from issuance of common stock 52.500 Cash received from sale of equipment Deprecation expense 25500 43.500 Gain on sale of equipment 6000 Inventory decrease 19,500 Net income 114.000 Prepaid expenses increase 3.000 Note: Use negative signs with your answers to indicate a decrease in cash (use of cash). LUND CORPORATION Statement of Cash Flows For the Month of August Operating Activities Add (Deduct) Items to Convert Income to Cash Basis $ Depreciation Amortization Accounts Receivable Increase Inventory Decrease Prepaid Expenses Increase Accounts Payable Increase Accrued Liabilities Decrease Net Cash Provided by Operating Activities Investing Activities Purchase of Land Net Cash Used by Investing Activities Financing Activities Retirement of Bonds Payable Payment of Dividends Net Cash Used by Financing Activities Net change in cash Cash at Beginning of Year Cash at End of Year