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The following information is for the Balcones Company for December 31, 2021. Prepare a statement of cash flows using the indirect method. Depreciation expense of
The following information is for the Balcones Company for December 31, 2021. Prepare a statement of cash flows using the indirect method. Depreciation expense of $11,000 Issuance of bonds payable at face value $230,000 Decrease in prepaid items $2,300 Sale of land $45,000 Decrease in wages payable $6,000 Payment of long-term note payable $300,000 Purchase of building $270,000 Decrease in accounts receivable $6,700 Sale of equipment $14,000 Cash collected from customers $411,000 Dividends paid $47,000 Cost of goods sold $660,000 Interest revenue $5,000 Increase in accounts payable $4,100 Allowance for doubtful accounts $2,200 Increase in Inventory $9,200
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