Question: 2 Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $8,300 cash. c. Purchased equipment for cash;

2  2 Additional Information on Current-Year Transactions a. No dividends are declared
or paid. b. Issued additional stock for $8,300 cash. c. Purchased equipment

Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $8,300 cash. c. Purchased equipment for cash; no equipment was-sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. Note: Amounts to be deducted should be indicated bv a minus sian. MONTGOMERY, INCORPORATED Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash used in operating activities: Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash balance at beginning of year & & \\ \hline Cash balance at end of year & & \\ \hline \end{tabular}

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