Question: Prepare a statement of cash flows using the INDIRECT METHOD. Ir * 1 , Additional information: 1. New plant assets costing $120,000 were purchased for

Prepare a statement of cash flows using the INDIRECT METHOD.

Prepare a statement of cash flows using the INDIRECT METHOD. Ir *1 , Additional information: 1. New plant assets costing $120,000 were purchasedfor cash during the year. 2. Old plant assets having an original

Ir * 1 , Additional information: 1. New plant assets costing $120,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $69,000 and accumulated depreciation of $58,200 were sold for $1,800 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $31,236 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

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