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Prepare a statement of cash flows using the indirect method

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Reference no: EM132091112

Question - The following information is available for Chenard Corporation for the year ended December 31, 2017.

Beginning cash balance

$35,000

Accounts payable decrease

3,200

Depreciation expense

76,000

Accounts receivable increase

8,200

Inventory increase

13,000

Net income

269,100

Cash received for sale of land at book value

35,000

Sales revenue

747,000

Cash dividends paid

12,000

Income tax payable increase

4,700

Cash used to purchase building

144,000

Cash used to purchase treasury stock

32,000

Cash received from issuing bonds

206,000

Prepare a statement of cash flows using the indirect method.

Reference no: EM132091112

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