Pella Company presents its statement of cash flows using the
Pella Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Pella’s 2014 and 2013 year-end balance sheets:


The income statement contained a $700 loss on the sale of equipment, a $900 gain on the sale of land, and $2,500 of depreciation expense. Net income for the period was $36,500.

Required
Prepare the operating activities section of the statement of cashflows.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help