The following information is available for Coronado Industries for the year ended December 31, 2017.
Beginning cash balance $ 46,575
Accounts payable decrease 3,830
Depreciation expense 167,670
Accounts receivable increase 8,487
Inventory increase 11,385
Net income 294,044
Cash received for sale of land at book value 36,225
Cash dividends paid 12,420
Income taxes payable increase 4,865
Cash used to purchase building 299,115
Cash used to purchase treasury stock 26,910
Cash received from issuing bonds 207,000
Prepare a statement of cash flows using the indirect method.
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Home » Business » The following information is available for Coronado Industries for the year ended December 31, 2017. Beginning cash balance $ 46,575 Accounts payable decrease 3,830 Depreciation expense 167,670 Accounts receivable increase 8,487 Inventory increase