Question: The following are several items involving Mueller Company s cash flow

The following are several items involving Mueller Company’s cash flow activities for 2016:
a. Net income, $68,000
b. Increase in accounts receivable, $4,400
c. Receipt from sale of common stock, $12,300
d. Depreciation expense, $11,300
e. Dividends paid, $24,500
f. Payment for purchase of building, $65,000
g. Bond discount amortization, $2,700
h. Receipt from sale of long-term investments at cost, $10,600
i. Payment for purchase of equipment, $8,000
j. Receipt from sale of preferred stock, $20,000
k. Increase in income taxes payable, $3,500
l. Payment for purchase of land, $9,700
m. Decrease in accounts payable, $2,900
n. Increase in inventories, $10,300
o. Beginning cash balance, $18,000
Prepare Mueller Company’s statement of cash flows for 2016.

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