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Using the transactions and events from the period below, prepare an indirect cash flows statement below for Hats Depot Inc. for the period ending on
Using the transactions and events from the period below, prepare an indirect cash flows statement below for Hats Depot Inc. for the period ending on March 31, 20X6, (using the appropriate format and terminology). The company had beginning cash of $44,800 and net income for the period of $29,100. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed.
- Had a $12,200 loss on sale of investments
- Retired $32,000 of bonds payable
- Accounts payable decreased by $21,700 during the period
- Paid $2,400 in dividends
- Received $72,500 cash on a sale of investments
- The balance in inventory went from $70,000 to $40,000 during the period
- Provided $110,600 in exchange for a notes receivable
- Purchased land by signing a $28,000 notes payable
- Periodic depreciation on a building was $16,400
thats all the information given
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