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The comparative balance sheet of Connlejo Company, for Years 1 and 2 ended December 31...

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Accounting

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The comparative balance sheet of Connlejo Company, for Years 1 and 2 ended December 31 appears in condensed form as follows: The income statement for the current year is as follows: Additional data for the current year are as follows: - Fully depreclated equipment costing $39,000 was scrapped, no salvage, and equipment was purchased for $157,000. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $15 for cash. - Cash dlvidends declared were pald, $41,400. - All sales are on account. Prepare a statement of cash flows, using the indirect method of reporting cash flows from (used for) operating activitles. Use the minus sign to indicate cash outflows, cash paymen decreases in cash, or any negatlve adjustments

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