Question: Can Someone Please Help me with the DIRECT METHOD 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant

Can Someone Please Help me with the DIRECT METHOD 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $57,500 and accumulated depreciation

Can Someone Please Help me with the DIRECT METHOD

1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Instructions Prepare a statement of cash flows using the indirect method. Net cash provided-oper. act. $176,930 Prepare a statement of cash flows-direct method

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