Use the above information to prepare a statement of Cash Flows using the indirect method.

I don't know if any of this is right... I have gotten myself confused and need help. Specifically with the stock and bond issuances. Thanks! I will leave a review.

Net income was $104,200 and Billy Bob paid a cash dividend Billy Bob owns a 20% interest in Wanda's Wigs. During the year, Wanda recorded Net Income of $150,000 and paid out a dividend of $70,000. You can net these in the operating section... Net Investment Income Dr 14,000 Accounts Cash Investment in WW Investment in WW Investment Income Cr $70,000 * 20% 14,000 $150,000 * 20% 30,000 30,000 Sold equipment with a cost of $100,000 and accumulated depreciation of $32,000 for $60,000. Cr Accounts Cash A/D Loss on Sale Equipment Dr 60,000 32,000 8,000 Cash Inflow T-Account CFO & Adj. T-Account 100,000 Purchased land and equipment for cash Dr Cr Accounts Land Equipment 132,000 Cash 132,000 On 1/1/2019 they issued $300,000 in 5-year bonds payable for $322,684. The stated rate of interest on the bonds was 12% while the market rate of interest was 10%. Interest is paid annually on December 31. The effective interest method is used. Cr Accounts Cash Dr 322,684 Premium on B/P Bonds Payable 22,684 Saz 300,000 On 1/1/2019 they issued a 10% stock dividend when the market value of the stock was $30 per share. (The par value of the stock is $10, make the JE and post to t-accounts) On 7/1/2019 issued an additional 900 shares of common stock (Hint: first post the stock dividend to t-accounts, work with c/s and pic c/s together) Sold trading securities for a gain of $5,000. On 1/1/2019, they redeemed 500,000 bonds for 99. The 8% 5-year bonds were originally issued on 1/1/2017 when the effective interest rate was 10%. Interest was recorded on 12/31/2018 right before redemption. Cr Accounts Cash Dr 462,092 Discount on B/P 37,908 Total B/P 500,000 PV of Cash PV of Maturity Interest Payments Unknown PV$1 PVOA Face Value $ 500,000 Payment $ 40.000 Table Used PV$1 PVOA n= 5 5 i= 0.1 0.1 Factor 0.62092 3.79079 Present Value 310,460 151,632 Cash Interest Payments Maturity Value 500,000 Stated i 0.08 Annual 1 40000 Dr Cr Accounts B/P Loss on Redemption Discount on B/P Cash 462,092 Net income was $104,200 and Billy Bob paid a cash dividend Billy Bob owns a 20% interest in Wanda's Wigs. During the year, Wanda recorded Net Income of $150,000 and paid out a dividend of $70,000. You can net these in the operating section... Net Investment Income Dr 14,000 Accounts Cash Investment in WW Investment in WW Investment Income Cr $70,000 * 20% 14,000 $150,000 * 20% 30,000 30,000 Sold equipment with a cost of $100,000 and accumulated depreciation of $32,000 for $60,000. Cr Accounts Cash A/D Loss on Sale Equipment Dr 60,000 32,000 8,000 Cash Inflow T-Account CFO & Adj. T-Account 100,000 Purchased land and equipment for cash Dr Cr Accounts Land Equipment 132,000 Cash 132,000 On 1/1/2019 they issued $300,000 in 5-year bonds payable for $322,684. The stated rate of interest on the bonds was 12% while the market rate of interest was 10%. Interest is paid annually on December 31. The effective interest method is used. Cr Accounts Cash Dr 322,684 Premium on B/P Bonds Payable 22,684 Saz 300,000 On 1/1/2019 they issued a 10% stock dividend when the market value of the stock was $30 per share. (The par value of the stock is $10, make the JE and post to t-accounts) On 7/1/2019 issued an additional 900 shares of common stock (Hint: first post the stock dividend to t-accounts, work with c/s and pic c/s together) Sold trading securities for a gain of $5,000. On 1/1/2019, they redeemed 500,000 bonds for 99. The 8% 5-year bonds were originally issued on 1/1/2017 when the effective interest rate was 10%. Interest was recorded on 12/31/2018 right before redemption. Cr Accounts Cash Dr 462,092 Discount on B/P 37,908 Total B/P 500,000 PV of Cash PV of Maturity Interest Payments Unknown PV$1 PVOA Face Value $ 500,000 Payment $ 40.000 Table Used PV$1 PVOA n= 5 5 i= 0.1 0.1 Factor 0.62092 3.79079 Present Value 310,460 151,632 Cash Interest Payments Maturity Value 500,000 Stated i 0.08 Annual 1 40000 Dr Cr Accounts B/P Loss on Redemption Discount on B/P Cash 462,092