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The following information is taken from French Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents
The following information is taken from French Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents December 31 2018 2017 $ 89,790 $33.210 125,460 98,400 (5,535) (3,813) 190,650 215,250 9,225 8,364 123,000 73,800 355,470 300,120 (39,360) (15,990) 24,600 43,050 $873,300 $752,391 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained earnings-unappropriated Treasury stock, at cost $ 110,700 66,420 153,750 123,000 98,400 339,480 (18,450) $873,300 $ 103,320 77,490 73,800 123,000 12,300 372,321 (9,840) $752,391 Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents For 2018 Year $90,159 23,370 6,150 36,900 none Prepare a statement of cash flows for French Corporation for the year 2018. (Use the indirect method.) (Show amounts that decrease cash flow with either a signe.s. - 15,000 or in parenthesis eg. (15,000). French Corporation Statement of Cash Flows Increase (Decrease) in Cash Adjustments to reconcile net income to
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