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The income statement, balance sheets, and additional information for Great Adventures. Inc.. are provided below. Additional Information for 2014: Borrowed S560.000 in January 2014. Made
The income statement, balance sheets, and additional information for Great Adventures. Inc.. are provided below. Additional Information for 2014: Borrowed S560.000 in January 2014. Made 12 monthly payments during the year, reducing the balance of the loan by $42, 133. Issued common stock for S1.358.000 Purchased 9.700 shares of treasury stock for $16 per share. Reissued 4.900 shares of treasury stock at $18 per share. Declared and paid a cash dividend of $108, 200. Required: Prepare the statement of cash flows for the year ended December 31. 2014. using the indirect method. (Amounts to be deducted and cash outflows should be indicated with minus sign.) Required: Prepare the statement of cash flows for the year ended December 31. 2014. using the indirect method. (Amounts to be deducted and cash outflows should be indicated with minus sign.)
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