Reference no: EM133126985
Question - The following schedule of information relates to Oscar's Outfitting Company for the year ended December 31, 2020:
Increase in accounts receivable $63,600
Increase in accrued liabilities 13,200
Decrease in inventory 27,600
Decrease in accounts payable 22,800
Depreciation expense 39,600
Issuance of preferred stock 242,400
Cash at start of year 62,400
Sale of plant assets (at book value) 32,400
Loan repayment by borrower 49,200
Purchase of common stock as an investment 225,600
Payment of dividends 138,000
Net Income 258,000
Required - Prepare in good form, a 2020 statement of cash flows for Oscar's Outfitting Company using the indirect method.
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