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Statement of cash flows for blalock company

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Reference no: EM131697953

Question: The following balance sheets were taken from the records of Blalock Company:

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Additional transactions were as follows:

a. Sold equipment coming $12,000 with accumulated depreciation of 59,000 for $2,000.

b. Retired bends at a price of $60,000 on December 31.

c. Earned net income for the year of $68,000 ; paid cash dividends of $20,000.

Statement of Cash Flows Refer to the information for Blalock Company.

Required: Prepare a statement of cash flows using the indirect method.

Reference no: EM131697953

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