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The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $46,000 Accounts payable decrease 3,600 Depreciation
The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $46,000 Accounts payable decrease 3,600 Depreciation expense 156,000 Accounts receivable increase 7,700 Inventory increase 9,000 Net income 310,100 Cash received for sale of land at book value 34,000 Cash dividends paid 11,000 Income taxes payable increase 5,000 Cash used to purchase building 312,000 Cash used to purchase treasury stock 28,000 Cash received from issuing bonds 181,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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