The income statement, balance sheets, and additional information for Peterson Incorporated are provided.
Additlonal Informatlon for :
Purchased additional investment in stocks for $
Sold land for $ The land originally was purchased for $ resulting in a $ gain being recorded at the time of the sale.
Purchased $ in equipment by issuing a $ longterm note payable to the seller. No cash was exchanged in the transaction.
Declared and paid a cash dividend of $
Issued common stock for $
Requlred:
Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. Amounts to be deducted, cosh outflows, and any decrease In cash should be Indlcated with a minus sign.
