Reference no: EM132960811

Question - The following is a list of items to be included in the 2016 statement of cash flows for the Boardman Company:

Beginning cash balance $90,000

Decrease in accounts payable 4,000

Increase in accounts receivable 3,000

Payment of dividends 6,000

Loss on sale of equipment 3,000

Decrease in prepaid expenses 1,000

Proceeds from bonds 46,000

Depreciation expense 12,000

Purchase of building 80,000

Net loss 32,000

Decrease in inventory 6,000

Proceeds from sale of equipment 10,000

Required - Prepare the 2016 statement of cash flows using the visual method.