Question: how would i write a statement of cash flows using the indirect method for this? Cullumber Company Income Statement For the Year Ended December 31,

how would i write a statement of cash flows using the indirect method for this?

how would i write a statement of cash flows using the indirectmethod for this? Cullumber Company Income Statement For the Year Ended December31, 2020 Sales revenue $391,000 Less: Cost of goods sold $134,000 Operating

Cullumber Company Income Statement For the Year Ended December 31, 2020 Sales revenue $391,000 Less: Cost of goods sold $134,000 Operating expenses, excluding depreciation 11,000 Depreciation expense 31,000 Income tax expense 26,000 Interest expense 4,000 Loss on disposal of plant assets 7500 213.500 Net income $177 500 Additional information: 1. New equipment costing $79.000 wes purchased for cash during the year. Old equipment having an original cost of $56,000 was sold for $12,500 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $46.500 was declared and paid during the year.Condensed financial data of Cullumber Company follow. Cullumber Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $100,000 $47,000 Accounts receivable 91,000 32,000 Inventory 111,000 101,000 Prepaid expenses 29,000 25,000 Investments 139.000 113,000 Equipment 264.000 241,000 Accumulated depreciation-equipment (46,000 (51,000 Total $688,000 $508,000 Liabilities and Stockholders' Equity Accounts payable $111,000 $67.000 Accrued expenses payable 16,000 17,000 Bonds payable 110,000 149.000 Common stock 219,000 174,000 Retained earnings 232,000 101,000 Total $688,000 $508,000Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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