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Statement of Cash Flows The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016: Net income, $58,000
Statement of Cash Flows
The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:
- Net income, $58,000
- Payment of dividends, $16,300
- Ten-year, $32,100 bonds payable were issued at face value
- Depreciation expense, $15,500
- Building acquired at a cost of $30,800
- Accounts receivable decreased by $2,700
- Accounts payable decreased by $4,700
- Equipment acquired at a cost of $6,500
- Inventories increased by $7,000
- Beginning cash balance, $15,300
Required:
Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.
ROCKY HORROR PICTURE CO. | ||
Statement of Cash Flows | ||
For Year Ended December 31, 2016 | ||
Net Cash Flow From Operating Activities | ||
$ | ||
Adjustments for differences between income flows and cash flows from operating activities: | ||
$ | ||
Cash Flows From Investing Activities | ||
$ | ||
Cash Flows From Financing Activities | ||
$ | ||
$ | ||
$ |
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