Prepare in good form statement of cash flows

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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.

Reference no: EM133126985

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