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The following information is taken from French Corporation's financial statements: December 31 Cash Accounts receivable 27,000 76,900 175,000 6,800 60,000 244,000 (13,000) 35,000 73,000 97,500
The following information is taken from French Corporation's financial statements: December 31 Cash Accounts receivable 27,000 76,900 175,000 6,800 60,000 244,000 (13,000) 35,000 73,000 97,500 155,000 7,500 100,000 289,000 (32,000) 20,000 Prepaid expenses Land Buildings Accumulated depreciation Patents 84,000 63,000 60,000 100,000 10,000 302,700 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained eningsunappropriated Tresury stock, at cost 90,000 54,000 125,000 100,000 80,000 276,000 For 2018 year Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents 73,300 19,000 5,000 30,000 Instructions Prepare a statement of cash flows for 2018 for French Corporation (use indirect method)
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