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.