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The following information is available for Stamos Corporation for the year ended December 31, 2022. Beginning cash Accounts payable decrease $45,000 3,700 Depreciation 162,000
The following information is available for Stamos Corporation for the year ended December 31, 2022. Beginning cash Accounts payable decrease $45,000 3,700 Depreciation 162,000 Accounts receivable 8,200 Inventory increase 11,000 Net Income 284,100 Cash received for sale of land at 35,000 Cash dividends paid 12,000 Income taxes 4,700 Cash used to purchase building 289,000 Cash used to purchase treasury 26,000 Cash received from Issuing bonds 200,000 a Assuming these are the only facts, what amount will Stamos corporation report as Net Cash Provided (Used) by Operating Activities on the statement of cash flows? Show format. b Using the information in Question #36, what amount will Stamos corporation report as Cash Provided (Used) by Investing Activities on the statement of cash flows? Show format.
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