Problem: The following items were gathered from Carla Vista Industries' general ledger:
|
Sale of marketable securities
|
$13,550
|
|
Depreciation and amortization expense
|
24,322
|
|
Payment of cash dividends
|
3,873
|
|
Proceeds from disposal of equipment
|
889
|
|
Loss on disposal of equipment
|
230
|
|
Net income
|
25,663
|
|
Beginning Cash balance
|
19,650
|
|
Purchase of equipment
|
21,852
|
|
Decrease in Accounts Receivable
|
1,148
|
|
Proceeds from issuing common stock
|
2,071
|
|
Increase in Inventory
|
3,525
|
|
Increase in Accounts Payable
|
4,600
|
|
Ending Cash balance
|
62,873
|
Required - Using the indirect method, construct Carla Vista Industries' statement of cash flows.
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