Question: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate
Fee the Fene firidif becauber 31 y 7 as 2 Linet them besicrimitisin Cith fows frem (uted for) titerandin ativities: Tiet cerib flower frath siejermint netiflar Cest tiows fram fuend fues laveding mesulele: Ench foest from (utnd fre) firnneing satwitien: Wet, fash flows usag for fireneing nctovelet Eath balance, Janubry 1. Yeer ? Cash balance, Decomber 71, Year 2 The comparative balance sheet of Barry Company for Years 1 and 2 ended December 31 appears in condensed form as follows: Additional data for the current year are as follows: - Net income, $75,800. - Depreciation reported on income statement, $39,000. - Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000. - Bonds payable for $75,000 were retired by parment at their face amount. - 2,500 shares of common stock were issued at $30 for cash. - Cash dividends declared and paid, $40,000. - Investments of $100,000 were sold for $125,000. Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments
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