Question: Can you make a cash flow statement Additional data obtained from the income statement and from an examination of the accounts in the ledger tor

Can you make a cash flow statement

Can you make a cash flow statement Additional data obtained from the

Additional data obtained from the income statement and from an examination of the accounts in the ledger tor 20Y8 are as tollows: A. Net income, $343,310. B. Depreciation reported on the income statement, 583,570. C. Equipment was purchased at a cost of $163,630 and fully depreciated equipment costing $45,700 was discarded, with no salvage realized. ' D. 10,000 shares of common stock were issued at $19 for cash. E. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. F. Cash dividends declared and paid, $154,190. Prepare a statement or cash ow, using the indirect method of presenting cash flows from operating gm. Refer to the Labels andAmount ' Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash outows, cash payments, decreases in cash, or any negative adjustments

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