Prepare statement of cash flow using indirect method

Take-Home Exercise Chapter 16 14,800 27,800 -48500 Cash Accounts Receivable Inventories Prepaid Expenses 219,400 224,300 348,700 8,000 120,000 425,000 (194,000) 310,000 334,200 252,100 300,200 9,500 170,000 75000 21,000 Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment(83,500) 600,000 (215,000) 310,000 (75,000) sca Total 1,507,500 1,386,400 Liabilities & Stockholders Equity Accounts Payable 11400 284,300 15,000 19,500 70,000 295,700 10,000 22,500 5000 -300 70000 V Dividends Payable Salaries payable Mortgage note Payable Bonds Payable Common Stock, $1 par Paid in capital Retained Earnings 102,000 20,000 50,000 22,000 150,000 946,700 1,507,500 o0000 60500 12q 500 Du 6000b 886 1,386,400 Total Additional Information: Net income of $120,500 in 2017 Depreciation expense of $21,000 on buildings and $8,500 on equipment A building was constructed for $175,000 A mortgage note for $70,000 was issued for cash 2,000 shares of common stock were issued at $51 in exchange for the bonds payable. Cash dividends declared of $60,000 in 2017 Land was sold for $100,000 V9 Prepare a Statement of Cash Flow using the indirect method