Use the following information for Professional Athletics Inc to prepare
Use the following information for Professional Athletics, Inc., to prepare a statement of cash flows for the year ended June 30, 2009, using the indirect method:


Additional information follows:
a. Net income for the fiscal year ended June 30, 2009, was $290,000.
b. The company declared and paid cash dividends.
c. The company redeemed bonds payable amounting to $60,000 for cash of $60,000.
d. The company issued common stock for $100,000cash.
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