Question

The following is a list of the items for Lombardo Company’s 2016 statement of cash flows:
a. Depreciation expense, $4,200
b. Proceeds from sale of land, $5,600
c. Payment of d hid ends, $5,000
d. Net income, $7,900
e. Conversion of bonds to common stock, $7,000
f. Increase in accounts payable, $3,100
g. Proceeds from issuance of note, $6,200
h. Gain on sale of land, $ 1,800
i. Payment for purchase of building, $13,000
j. Increase in accounts receivable, $2,700
k. Ending cash balance, $13,900
Required:
Prepare the statement of cash flows.


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  • CreatedOctober 05, 2015
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