Prepare a statement using condensed financial data

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Reference no: EM131837037

Question: Condensed financial data of Granger Inc. follow

Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year.

2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.

3. Bonds payable matured and were paid off at face value for cash.

4. A cash dividend of $26,030 was declared and paid during the year.

Instructions: Prepare a statement of cash flows using the indirect method.

Reference no: EM131837037

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