Blackwell Corporation is preparing its annual financial statements at December 31. 2003. Listed here arc the items on its statement of cash Hews presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance m cash w.h

$36,000 and the ending balance was $41,000.

Required:
Prepare the 2003 statement of cash flows for Blackwell Corporation. The section reporting cash flows from operating activities should be prepared using the indirect method discussed in the chapter.
Analyzing and Interpreting Return on Equity

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Cash borrowed on three-year note Decrease in inventory Decrease in accounts payable $25.000 2.000 (4.000)