At the beginning of the year, a machine was purchased through a bank loan for $15,000. Installation

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At the beginning of the year, a machine was purchased through a bank loan for $15,000. Installation costs of $650 were paid cash.
At the end of the year, the net income was 3,000. Depreciation expense 1,565. Payment of the principal amount $2300.
Prepare the statement of cash flows
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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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