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Prepare a statement of cash flows using the indirect method

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Question - The following information is available for Shamrock, Inc. for the year ended December 31, 2022.

Beginning cash balance $43,200

Accounts payable increase 10,260

Depreciation expense 73,800

Accounts receivable decrease 8,640

Inventory decrease 5,580

Net income 102,960

Cash received for sale of land at book value 187,200

Cash dividends paid 68,400

Income taxes payable decrease 7,020

Cash used to purchase land 145,800

Cash used to redeem bonds 118,800

Cash received from issuing stock 288,000

Required - Prepare a statement of cash flows using the indirect method.

Reference no: EM133161461

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