December 31
2011
2010
(60390)
(39940)
$709590
$680270
201840
181100
$709590
$680270
Additional information:
Operating expenses include depreciation expense of $41790 and charges from prepaid expenses of $6470.
Land was sold for cash at book value.
Cash dividends of $16160 were paid.
Net income for 2011 was $36900.
Equipment was purchased for $94560 cash. In addition equipment costing $21330 with a book value of $9590 was sold for $6230 cash.
Bonds were converted at face value by issuing 39900 shares of $1 par value common stock.
Prepare a statement of cash flows for the year ended December 31 2011 using the indirect method. (List amounts from largest positive to smallest
positive followed by most negative to least negative e.g. 15 14 10 -17 -5 -1. If amount decreases cash flow use either a negative sign preceding the
number eg. -45 or parentheses eg (45).)