E11-32

Statement of Cash Flows (Indirect Method)

Use the information to calculate the net cash flow from operating activities under the indirect method. Statement of Cash Flows (Indirect Method) Use the following information about Lund Corporation for 2017 to prepare a statement of cash flows under the indirect method. E11-32. Accounts payable increase Accounts receivable increase. Accrued liabilities decrease Amortization expense.. $ 9,000 4,000 3,000 6,000 . ..15,000 29,000 90,000 60,000 Cash balance, end of 2017.. Cash paid as dividends Cash paid to retire bonds payable at par... Cash received from issuance of common stock 35,000 Cash received from sale of equipment. .. 17,000 Gain on sale of equipment Inventory decrease... Net i Prepaid expenses increase... 4.000 13,000 2,000 Operating Section of Statement of Cash Flows (Indirect Method) Following are the income statement and balance sheet for Nike Inc. for the year ended May 31,2016 and a forecasted income statement and balance sheet for 2017. 2 E11-33. 3