Statement of Cash Flows The following are several items involving the cash flow activities of...
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Statement of Cash Flows The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE cO. for 2016: a. Net income, $50,900 b. Payment of dividends, $14,700 c. Ten-year, $35,900 bonds payable were issued at face value d. Depreciation expense, $23,100 e. Building acquired at a cost of $37,600 f. Accounts receivable decreased by $1,800 g. Accounts payable decreased by $4,800 h. Equipment acquired at a cost of $7,200 i. Inventories increased by $5,200 j. Beginning cash balance, $30,300 Required: Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts. ROCKY HORROR PICTURE CO. Statement of Cash Flows For Year Ended December 31. 2016 Net Cash Flow From Operating Activities Adjustments for differences between income flows and cash flows from operating activities: Cash Flows From Investing Activities Cash Flows From Financing Activities
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