Use the following except financial information to prepare a statement of cash flows (indirect method) for the year 2018

Solution

Aero Inc Statement of Cash Flows For Year Ended December 31,20 Cash Flows from Operating Activities Net Income Depreciation Expense Loss of sale of investment Increase in Accounts Receivable Increase in Acoounts Payable Net Cash Flows Provided by Operating Activities Cash Flows from Investing Activities Sale of AFS securities Purchase of Land Net Cash Flows Used by Investing Activities Cash Flows from Financing Activities Dividends Paid Net Cash Provided by Financing Activities Net Cash Flow Cash, 1/1/2025 Cash, 12/31/2025 Schedule of Noncash Investing \&. Financing Activities Purchase of Land with a Bond Issue