The following are several items involving the cash flow activities of the Rocky Company for 2007: a.

Question:

The following are several items involving the cash flow activities of the Rocky Company for 2007:
a. Net income, $41,000
b. Payment of dividends, $16,000
c. Ten-year, $28,000 bonds payable were issued at
d. Depreciation expense, $11,000
e. Building was acquired at a cost of $40,000
f. decreased by $2,000
g. decreased by $4,000
h. Equipment was acquired at a cost of $8,000
i. Inventories increased by $7,000
j. Beginning cash balance, $13,000

Required
Prepare the statement of cash flows of the Rocky Company for 2007.

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