Question: Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning

 Oklahoma Corp. uses the indirect method to prepare its statement of

Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning balance, $80,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance $3,300 4. Common Stock, ending balance. $30,000 5. Retained Eamings, beginning balance, $77,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance. $5.700 8. Treasury Stock, ending balance, $10,300 9. No stock was retired. 10. No treasury stock was sold. 11. During 2018, the company repaid $35,000 of long-term notes payable 12. During 2018, the company borrowed $28,000 on now long-term notou payable O A $12,100 OB (57.000) OC. $22,100 OD $5.100 Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning balance, $80,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance $3,300 4. Common Stock, ending balance. $30,000 5. Retained Eamings, beginning balance, $77,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance. $5.700 8. Treasury Stock, ending balance, $10,300 9. No stock was retired. 10. No treasury stock was sold. 11. During 2018, the company repaid $35,000 of long-term notes payable 12. During 2018, the company borrowed $28,000 on now long-term notou payable O A $12,100 OB (57.000) OC. $22,100 OD $5.100

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