The financial statements of Pouchie Co included the following information for the year ended December 31, 2019 (amounts in millions) Depreciation and amortization expense $ 282 Cash dividends declared and paid 324 Purchase of equipment 824 Net income 512 Beginning cash balance 134 Proceeds of common stock issued 187 Proceeds from sale of building (at book value) 227 Accounts receivable increase 15 Ending cash balance 291 Inventory decrease 45 Accounts payable increase 67 Required Complete statement of cash flows, using the indirect method (Amounts to be deducted should be indicated by a minus sign Enter your answers in millions (i e , 5,000,000 should be entered as 5) )

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Posted on Oct 21, 2024

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): Depreciation and amortization expense $

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions):


Depreciation and amortization expense	$	282
Cash dividends declared and paid		324
Purchase of equipment		824
Net income		512
Beginning cash balance		134
Proceeds of common stock issued		187
Proceeds from sale of building (at book value)		227
Accounts receivable increase		15
Ending cash balance		291
Inventory decrease		45
Accounts payable increase		67

Required:

Complete statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).)