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Prepare mueller company statement of cash flows

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Reference no: EM133008529

The following are several items involving the cash flow activities of the Mueller Company for 2016:

Net income, $68,000
Increase in accounts receivable, $4,400
Receipt from sale of common stock, $12,300
Depreciation expense, $11,300
Dividends paid, $24,500
Payment for purchase of building, $65,000
Bond discount amortization, $2,700
Receipt from sale of long-term investments at cost, $10,600
Payment for purchase of equipment, $8,000
Receipt from sale of preferred stock, $20,000
Increase in income taxes payable, $3,500
Payment for purchase of land, $9,700
Decrease in accounts payable, $2,900
Increase in inventories, $10,300
Beginning cash balance, $18,000

Problem 1: Prepare Mueller Company's statement of cash flows for 2016. Use a minus sign for any negative amounts.

Reference no: EM133008529

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