Question: hello, PLS help me i have to prepare journal entry for all af this operations and do Cash Flow i need especially INDIRECT CASH FLOW
hello, PLS help me i have to prepare journal entry for all af this operations and do Cash Flow i need especially INDIRECT CASH FLOW

Section B - Preparation of accounts and Cash flow statement. (20 points) The comparative balance sheets for Vanco Company as of December 31 are presented below. Adational intormation: 1. Operating expenses include depreciation expense of $42,000. 2. Land was sold for cash at book value. 3. Cash dividends of $12,000 were paid. 4. Net income for 2012 was $37,000. 5. Equipment was purchased for $92,000 cash. In addition, equipment costing $22,000 with a book value of $10,000 was sold for $8,000 cash. 6. 40,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $40,000. Required: a) Prepare Cash flow statement using indirect method (12 points) b) Journalize the transactions ( 8 points)
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