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How to prepare a cash flow statement for the year

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Reference no: EM132558366

Albion Construction Company had the following transactions during the year ended December 31, 2019:

Gain on sale of land $10,000

Depreciation $31,000

Payment of dividends $15,000

Increase in accounts receivable $25,000

Decrease in inventories $18,000

Increase in accounts payable $34,000

Decrease in income taxes payable $6,500

Decrease in wages payable $2,200

Proceeds on Sale of Equipment $297,000

Repayment of bonds $268,000

Issuance of Common shares $100,000

Proceeds on sale of land $140,000

Net Loss ($25,000)

Required:

Question 1: Prepare a cash flow statement for the year 2019.

Reference no: EM132558366

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