Additional Data: a. Bought equipment for cash, $58,350. b. Paid $11,800 on the long-term note...
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Additional Data: a. Bought equipment for cash, $58,350. b. Paid $11,800 on the long-term note payable. c. Issued new shares of stock for $34,600 cash. d. Dividends of $12,250 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only inventory purchases made on credit. Required: 1. Prepare the statement of cash flows using the indirect method for the year ended December 31 , current year
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Additional Data: a. Bought equipment for cash, $58,350. b. Paid $11,800 on the long-term note payable. c. Issued new shares of stock for $34,600 cash. d. Dividends of $12,250 were declared and paid. e. Other expenses all relate to wages. f. Accounts payable includes only inventory purchases made on credit. Required: 1. Prepare the statement of cash flows using the indirect method for the year ended December 31 , current year 