Additional information:

New plant assets costing $$90,000$ were purchased for cash during the year.

Old plant assets having an original cost of $$51,750$ and accumulated depreciation of $$43,650$ were sold for $$1,350$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$23,427$ was declared and paid during the year.

Common stock was issued at par for cash.

There were no significant noncash transactions.

Prepare a statement of cash flows using the indirect method. $($Show a mounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in

parenthesis e$.$g$.(15,000).)$

KINGBIRD INC.

Statement of Cash Flows $-$ Indirect Method

Adjustments to reconcile net income to

Adjustments to reconcile net income to

$

Additional information:

New plant assets costing $$90,000$ were purchased for cash during the year.

Old plant assets having an original cost of $$51,750$ and accumulated depreciation of $$43,650$ were sold for $$1,350$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$23,427$ was declared and paid during the year.

Common stock was issued at par for cash.

There were no significant noncash transactions.

Prepare a statement of cash flows using the indirect method. $($Show a mounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in

parenthesis e$.$g$.(15,000).)$

KINGBIRD INC.

Statement of Cash Flows $-$ Indirect Method

Adjustments to reconcile net income to

Adjustments to reconcile net income to

$

Liabilities and Stockholders' Equity

Additional information:

New plant assets costing $$90,000$ were purchased for cash during the year.

Old plant assets having an original cost of $$51,750$ and accumulated depreciation of $$43,650$ were sold for $$1,350$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$23,427$ was declared and paid during the year.

Common stock was issued at par for cash.

There were no significant noncash transactions.

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either $a-$ sign eg$,-15,000$ or in

perenthesises $(15\mathrm{.}0001$