Question: Need help with an indirect cash flow statement The accounting records provide the following information. Prepare an Cheerios Corp. Income Statement For Year 2 begin{tabular}{lr}

Need help with an indirect cash flow statement

Need help with an indirect cash flow statement The accounting records provide

the following information. Prepare an Cheerios Corp. Income Statement For Year 2

The accounting records provide the following information. Prepare an Cheerios Corp. Income Statement For Year 2 \begin{tabular}{lr} Revenues & $26,400 \\ Cost of goods sold & 14,960 \\ Depreciation & 3,610 \\ Other expenses & 3,388 \\ \multicolumn{1}{c}{ Net Income } & $4,442 \end{tabular} 1. Equipment was sold for its book value of: \$ $3,520 2. Equipment purchased during the year: $10,560 3. Cash dividends declared and paid were: $1,582

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