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Cash flows of the lombardo company

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Reference no: EM13866949

The following is a list of the items for the 2010 statement of cash flows of the Lombardo Company:

1. Depreciation expense, $4,200 

2. Proceeds from sale of land, $5,600 

3. Payment of dividends, $5,000 

4. Net income, $7,900 

5. Conversion of bonds to common stock, $7,000 

6. Increase in accounts payable, $3,100

7. Proceeds from issuance of note, $6,200

8. Gain on sale of land, $1,800

9. Payment for purchase of building, $13,000

10. Increase in accounts receivable, $2,700

11. Ending cash balance, $13,900


Required: Prepare the statement of cash flows. 

Reference no: EM13866949

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