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The following information is available for Stamos Corporation for the year ended December 31, 2022. Beginning cash balance $45,000 Accounts payable decrease 3.700 Depreciation
The following information is available for Stamos Corporation for the year ended December 31, 2022. Beginning cash balance $45,000 Accounts payable decrease 3.700 Depreciation expense 162.000 Accounts receivable increase 8.200 Inventory increase 11,000 Net income 284,100 Cash received for sale of land at book value 35.000 Cash dividends paid 12.000 Income taxes payable increase 4,700 Cash used to purchase building 289,000 Cash used to purchase treasury stock 26,000 Cash received from issuing bonds 200,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Stamos Corporation
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