Reference no: EM132892113

Problem - Net Cash Flow from Operating Activities - Hyde Company's records for 2019 provide the following information:

a. amortization of premium on bonds payable, $600

b. purchase of equipment, $6,000

c. depreciation expense, $7,400

d. decrease in accounts receivable, $800

e. decrease in accounts payable, $2,800

f. issuance of long-term note for cash, $4,200

g. increase in inventories, $7,500

h. gain on sale of land, $8,000

i. increase in prepaid assets, $500

j. declaration and payment of cash dividends, $1,800

k. increase in wages payable, $300

l. patent amortization expense, $1,000

m. net income, $10,800

Required - Prepare the operating activities section of the 2019 statement of cash flows for Hyde Company.