Bulldog Sock Company reported net income of $30,000, a loss on the sale of equipment of $22,000,
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Bulldog Sock Company reported net income of $30,000, a loss on the sale of equipment of $22,000, increases in accounts receivable of $3,000, accounts payable of $4,000, and unearned revenue of $6,000, and decreases in inventory of $7,000, prepaid rent of $2,000, and interest payable of $1,000. It purchased investments for $20,000 in cash, had $2,000 in depreciation expense, and paid dividends of $2,500 in cash. Prepare the Cash Flow from Operations section of the Statement of Cash Flows for the firm for calendar year ending December 31, 2019, using the indirect method.
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