Question
The following information is related to Alpha Company's fiscal year 2017. Net Income$300,000 Depreciation Expense50,000 Gain onSaleof Plant Assets5,000 Accounts Payabledecrease by4,000 Purchase of land250,000
The following information is related to Alpha Company's fiscal year 2017.
Net Income$300,000
Depreciation Expense50,000
Gain onSaleof Plant Assets5,000
Accounts Payabledecrease by4,000
Purchase of land250,000
Sale of Equipment105,000
Additional Information:
Beginning Cash Balance:$50,000Ending Cash Balance: $216,000
Equipment was sold for 105,000 in cash.
Land was paid for in cash.
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $30,000
Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method. Table may have more space than needed.
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