Reference no: EM131294244
The following information was obtained from analysis fo selected accounts of Orlando Company for the year ended December 31, 2015.
Increase in long-term debt..........................................................$57,000
Purchase of treasury stock..........................................................$52,000
Depreciation and amortization.....................................................$197,000
Gain on sale of equipment (included in net income)...................$6,000
Proceeds from issuance of common stock...................................$184,000
Purchase of equipment.................................................................$434,000
Proceeds from sale of equipment.................................................$20,000
Payment of dividends....................................................................$49,000
Net Income....................................................................................$375,000
Increase (decrease) in working capital accounts
Cash..........................................................................................$45,000
Accounts Receivable................................................................$229,000
Inventories................................................................................$275,000
Trade notes payable.................................................................$167,000
Accounts payable....................................................................$124,000
Income taxes payable..............................................................$(34,000)
Cash balance, January 1, 2015...............................................$120,000
From the information given, Prepare a statement of cash flows using the indirect method.
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: The following information was obtained from analysis fo selected accounts of Orlando Company for the year ended December 31, 2015. From the information given, Prepare a statement of cash flows using the indirect method.
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