Question
Use the following excerpts from Beckham Company's financial information to prepare a statement of cash flows for the year 2018. Dec 31 2018 Dec 31
Use the following excerpts from Beckham Company's financial information to prepare a statement of cash flows for the year 2018. Dec 31 2018 Dec 31 2017 Cash 220000 200000 Account receivable 43350 35350 Inventory 59500 58200 Land 150000 50000 Plant Assets 160000 160000 Accumulated Depreciation -49000 -37000 Total Assets 583850 466550 Accounts Payable 29100 27300 Notes Payable 15500 12000 Common Stock 245000 220000 Retained Earnings 294250 207250 Total Liabilities 583850 466550 Additional Information Net Income for 2018 98000 Depreciation Expense for 2018 12000 Land Purchased for Cash 100000 Stock Issued in exchange for cash 25000 Dividends declared and paid 11000
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