Statement of Cash Flows $($Indirect Method$)$

Use the following information about Lund Corporation for the month of August to prepare a statement of cash flows for August under the indirect method.

Accounts payable increase $$9,000$

Accounts receivable increase $4,000$

Accrued liabilities decrease $3,000$

Amortization expense $6,000$

Cash balance, beginning of August $22,000$

Cash balance, end of August $15,000$

Cash paid as dividends $29,000$

Cash paid to purchase land $90,000$

Cash paid to retire bonds payable at par $60,000$

Cash received from issuance of common stock $35,000$

Cash received from sale of equipment $17,000$

Depreciation expense $29,000$

Gain on sale of equipment $4,000$

Inventory decrease $13,000$

Net income $76,000$

Prepaid expenses increase $2,000$

Note: Use negative signs with your answers to indicate a decrease in cash $($use of cash$).$

LUND CORPORATION

Statement of Cash Flows For the Month of August

Operating Activities

Answer $1$

Answer $2$

$0$

Add $($Deduct$)$ Items to Convert Income to Cash Basis

Depreciation Answer $3$

$0$

Amortization Answer $4$

$0$

Answer $5$

Answer $6$

$0$

Accounts Receivable Increase Answer $7$

$0$

Inventory Decrease Answer $8$

$0$

Prepaid Expenses Increase Answer $9$

$0$

Accounts Payable Increase Answer $10$

$0$

Accrued Liabilities Decrease Answer $11$

$0$

Net Cash Provided by Operating Activities Answer $12$

$0$

Investing Activities

Answer $13$

Answer $14$

$0$

Purchase of Land Answer $15$

$0$

Net Cash Used by Investing Activities Answer $16$

$0$

Financing Activities

Answer $17$

Answer $18$

$0$

Retirement of Bonds Payable Answer $19$

$0$

Payment of Dividends Answer $20$

$0$

Net Cash Used by Financing Activities Answer $21$

$0$

Net change in cash Answer $22$

$0$

Cash at Beginning of Year Answer $23$

$0$

Cash at End of Year Answer $24$

$0$

Please answer all parts of the question.