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Prepare Tejera statement of cash flows

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Reference no: EM132880391

Problem - Statement of Cash Flows - The following are several items involving Tejera Company's cash flow activities:

a. Net income, $60,400

b. Receipt from issuance of common stock, $32,000

c. Payment for purchase of equipment, $41,500

d. Payment for purchase of land, $19,600

e. Depreciation expense, $20,500

f. Patent amortization expense, $1,200

g. Payment of dividends, $21,000

h. Decrease in salaries payable, $2,600

i. Increase in accounts receivable, $10,300

j. Beginning cash balance, $30,700

Required - Prepare Tejera's statement of cash flows using the indirect method.

Reference no: EM132880391

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