Solution-Prepare the statement of cash flows

Prepare the statement of cash flows

Reference no: EM132892119

Problem - Statement of Cash Flows - The following is a list of the items for Lombardo Company's 2019 statement of cash flows:

a. depreciation expense, $4,200

b. proceeds from sale of land, $5,600

c. payment of dividends, $5,000

d. net income, $7,900

e. conversion of bonds to common stock, $7,000

f. increase in accounts payable, $3,100

g. proceeds from issuance of note, $6,200

h. gain on sale of land, $1,800

i. payment for purchase of building, $13,000

j. increase in accounts receivable, $2,700

k. ending cash balance, $13,900

Required - Prepare the statement of cash flows.

Reference no: EM132892119

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Prepare the statement of cash flows

Reference no: EM132892119

Reference no: EM132892119

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