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The comparative balance sheet of Colson Company, for 2010 and the preceding year ended December 31. 2009 appears below in condensed form: Additional data tor
The comparative balance sheet of Colson Company, for 2010 and the preceding year ended December 31. 2009 appears below in condensed form: Additional data tor the current year are as follows: Fully depreciated equipment coding S39.000 was scrapped, no salvage, and equipment was purchased for $157.000. Bonds payable for $100,000 were retired by payment at their face amount. 5.000 shares of common stock were issued at 15 for cash. Cash dividends declared were paid $28,000. Prepare a statement of cash flows, using the indirect method of reporting cash flows from operating activities
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