Prepare a statement of cash flows for Zowine

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Problem - The following additional information was obtained from Zowine's financial statements and auxiliary records for the year ended December 31, 20-2:

Acquired a new warehouse $120,000

Bought new warehouse equipment 80,000

Issued a note to the bank 40,000

Issued additional common stock:

Par value 50,000

Paid-in capital in excess of par 20,000

Declared and paid cash dividends 30,000

Required - Prepare a statement of cash flows for Zowine for the year ended December 31, 20-2.

Reference no: EM132724356

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