The following information is available for Shamrock Corporation for the year ended December 31, 2025. Beginning...
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The following information is available for Shamrock Corporation for the year ended December 31, 2025. Beginning cash balance $ 58,500 Accounts payable decrease 4,810 Depreciation expense 210,600 Accounts receivable increase 10,660 Inventory increase 14,300 Net income 369,330 Cash received for sale of land at book value 45,500 Cash dividends paid 15,600 Income taxes payable increase 6,110 Cash used to purchase building 375,700 Cash used to purchase treasury stock 33,800 Cash received from issuing bonds 260,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) The following information is available for Shamrock Corporation for the year ended December 31, 2025. Beginning cash balance $ 58,500 Accounts payable decrease 4,810 Depreciation expense 210,600 Accounts receivable increase 10,660 Inventory increase 14,300 Net income 369,330 Cash received for sale of land at book value 45,500 Cash dividends paid 15,600 Income taxes payable increase 6,110 Cash used to purchase building 375,700 Cash used to purchase treasury stock 33,800 Cash received from issuing bonds 260,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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