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The following items involve the cash flow activities of Rocky Horror Picture Co . : Net income, $ 4 1 , 0 0 0 Payment

The following items involve the cash flow activities of Rocky Horror Picture Co.:
Net income, $41,000
Payment of dividends, $16,000
Ten-year, $28,000 bonds payable were issued at face value
Depreciation expense, $11,000
Building acquired at a cost of $40,000
Accounts receivable decreased by $2,000
Accounts payable decreased by $4,000
Equipment acquired at a cost of $8,000
Inventories increased by $7,000
Beginning cash balance, $13,000
Required:
Prepare Rocky Horror Pictures statement of cash flows using the indirect method. Use a minus sign for any negative amounts.
ROCKY HORROR PICTURE CO.
Statement of Cash Flows
For Year Ended December 31, Current Year
Operating Activities:
$- Select -
Adjustments for differences between income flows and cash flows from operating activities:
- Select -
- Select -
- Select -
- Select -
$- Select -
Investing Activities:
$- Select -
- Select -
- Select -
Financing Activities:
$- Select -
- Select -
- Select -
$- Select -
- Select -

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