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The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $49,000 Accounts payable decrease 3,700 Depreciation expense

The following information is available for Stamos Corporation for the year ended December 31, 2020.

Beginning cash balance $49,000
Accounts payable decrease 3,700
Depreciation expense 176,000
Accounts receivable increase 8,900
Inventory increase 12,000
Net income 282,800
Cash received for sale of land at book value 33,000
Cash dividends paid 13,000
Income taxes payable increase 5,100
Cash used to purchase building 274,000
Cash used to purchase treasury stock 26,000
Cash received from issuing bonds 197,000

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STAMOS CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ $ Adjustments to Reconcile net income to Cash Flows from Operating Activities Depreciation Expense $ $ Increase in Accounts Receivable Increase in Inventory Increase in Income Taxes Payable Increase in Accounts Payable | Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Building Cash at Beginning of Period Cash at End of Period $

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