Question: (20 points) Using the information below, prepare a statement of cash flows for TriVision LLC for the year ended December 31, 2021 using the indirect
(20 points) Using the information below, prepare a statement of cash flows for TriVision LLC for the year ended December 31, 2021 using the indirect method. Net income Cash balance, January 1 Accounts payable 2020 balance Accounts payable 2021 balance Depreciation expense Purchased building using cash Inventory 2020 balance Inventory 2021 balance Cash dividends paid Issued bonds for cash Cash received from selling land at book value Accounts receivable 2020 balance Accounts receivable 2021 balance Prepaid expenses 2020 balance Prepaid expenses 2021 balance Loss on disposal of plant assets $500,00 0 66,000 50,000 45,000 189,000 345,000 33,000 52,000 16,000 224,000 79,000 21,000 42,000 10,000 8,000 3,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
