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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:
Net income, $41,500
Payment of dividends, $15,700
Ten-year, $34,400 bonds payable were issued at face value
Depreciation expense, $15,700
Building acquired at a cost of $39,900
Accounts receivable decreased by $3,200
Accounts payable decreased by $3,100
Equipment acquired at a cost of $7,600
Inventories increased by $7,700
Beginning cash balance, $24,600
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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