Question: Please help me correct this cash flow statement using the indirect method. The red boxes are where I need correcting, thanks! Condensed financial data follow
Please help me correct this cash flow statement using the indirect method. The red boxes are where I need correcting, thanks!


Condensed financial data follow for Carla Vista Ltd. Carla Vista reports under ASPE. Additional information: 1. New equipment costing $119,000 was purchased for $35,000 cash and a $84,000 note payable. 2. Equipment with an original cost of $80,500 was sold at a loss of $10,500. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash
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