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Condensed financial data of cadet company are shown below

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Reference no: EM131145299

Condensed financial data of Cadet Company are shown below.

Additional information:

1. New plant assets costing $151,000 were purchased for cash during the year.

2. Investments were sold at cost.

3. Plant assets costing $36,000 and accumulated depreciation of $26,000 were sold for $13,000.

4. A cash dividend of $45,000 was declared and paid during the year.

Instructions

Prepare a statement of cash flows using the indirect method.

Reference no: EM131145299

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