Question: Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Bramble Corp. Comparative Balance Sheets December 31 2019 Cash $ 14,600 Accounts receivable 21,100 Land
Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Bramble Corp. Comparative Balance Sheets December 31 2019 Cash $ 14,600 Accounts receivable 21,100 Land 19,900 Buildings 69,800 Accumulated depreciation-buildings (15,200) Total $110,200 2018 $ 10,500 23,500 26,100 69,800 (10,800) $119,100 Accounts payable Common stock Retained earnings Total $ 11,900 75,100 23,200 $110,200 $ 28,500 71,000 19,600 $119,100 Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500 Prepare a statement of cash flows for 2019 using the Indirect method. (Show amounts to (15,000). here to search e a hp
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