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What the net increase? in cash for the year? is

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Problem 1: Dragonstone Corp. had net income of $30,000. Accounts Receivable increased by $4,500?; accounts payable decreased by $5,000. Depreciation expense for the year was $1,200. Additional transactions? include: the purchase of land in exchange for stock $45,000?; the sale of treasury stock $3,500?; issued bonds $4,500?; acquired a building by issuing a note $74,000. Using the indirect? method, the net increase? (decrease) in cash for the year? is:

Reference no: EM132816804

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