Question: Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $7,900 cash. c. Purchased equipment for cash; no

Additional Information on Current-Year Transactions a. No dividends are declared or

Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $7,900 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. (Amounts to be deducted should be indicated bv a minus sian.)

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