w Wy subscriptions Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the Indirect method and to compute Lund's operating cash-flow-to-current liabilities ratio. Accounts payable increase $12,600 Accounts receivable increase 5,600 Accrued liabilities decrease 4,200 Amortization expense 3,400 Cash balance, January 1 30,800 Cash balance, December 31 21,000 Cash paid as dividends 40,600 Cash paid to purchase land 126,000 Cash paid to retire bonds payable at par 84,000 Cash received from issuance of common stock 49,000 23,800 Cash received from sale of equipment 40,600 Depreciation expense 5,600 Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities 18,200 106,400 2,800 140,000 Juglis with cash outflow answers. LUND CORPORATION Statement of Cash Flows For Year Ended December 31 Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to cash basis Depreciation Amortization Gain on Sale of Equipment Accounts Receivable increase Inventory Decrease Prepaid Expenses Increase Accounts Payable Increase Accrued Liabilities Decrease Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Sale of Equipment Purchase of Land Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Common Stock Retirement of Bonds Payable Payment of Dividends Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Year Cash at End of Year s b. Operating-cash-flow-to-current-liabilities ratio (Round answers to two de