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The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016: a. Net income, $58,400 b. Payment of

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The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016: a. Net income, $58,400 b. Payment of dividends, $15,800 c. Ten-year, $31,200 bonds payable were issued at face value d. Depreciation expense, $20,500 e. Building acquired at a cost of $34,300 f. Accounts receivable decreased by $2,400 9. Accounts payable decreased by $4,500 h. Equipment acquired at a cost of $5,700 1. Inventories increased by $6,200 J. Beginning cash balance, $28,100 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

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