Question
The following items were gathered from Sheridan Companys general ledger: Purchase of marketable securities $ 147,000 Depreciation and amortization expense 44,200 Declaration of preferred dividends
The following items were gathered from Sheridan Companys general ledger: Purchase of marketable securities $ 147,000 Depreciation and amortization expense 44,200 Declaration of preferred dividends 9,500 Increase in Prepaid Assets 3,000 Loss on sale of equipment 2,500 Net income 284,800 Beginning Cash balance 24,740 Repayment of bank loan 126,000 Payment for purchase of equipment 57,750 Increase in Accounts Receivable 15,460 Stock-based compensation 176,000 Proceeds from issuing common stock 25,000 Decrease in Inventory 18,700 Decrease in Accounts Payable 13,000 Ending Cash balance 213,730 Using the indirect method, construct Sheridan Companys statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Sheridan Company Statement Of Cash Flow $ $ Net cash by activities Net cash by activities Net cash by activities $ Click if you would like to Show Work for this question: Open Show Work
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