Question: 17 ) please answer. I will give a good feedback Problem 1512 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] A comparative bolance sheet

17 ) please answer. I will give a good feedback

17 ) please answer. I will give a good feedback Problem 1512(Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] A comparative bolance

Problem 1512 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] A comparative bolance sheet and an income statement for Burgess Company are given below: Burgess also provided the following information: 1. The company sold equipment that had an original cost of $64 million and accumulated depreciation of $33 million. The cash proceeds from the sale were $33 million. The gain on the sale was $2 million. 2. The compsny did not issue any new bonds during the year. 3. The company paid a cash dividend during the year. 4. The company did not complete any common stock transactions during the year. Required: Using the indirect method, prepare s statement of cash flows for the year. (Enter your answers in millions not in dollars. LIst any

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