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


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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