The following information is extracted from income statement…

Questions

The fоllоwing infоrmаtion is extrаcted from income stаtement and balance sheet. Prepare a statement of cash flows using indirect method (final exam template.xlsx ). You may copy and paste your answers from Excel to the answer box. Dakota Company Statement of Cash Flows For the Year Ended December 31, 2019 Beginning cash balance, $20,000 Cash received from sale of new stocks, $5,000 Depreciation expense, $3,000 Accounts receivable decrease, $2,000 Inventory increase, 1,000 Cash received from sale of equipment, $6,000 Cash paid for dividends, $3,000 Cash paid on long-term debt principal, $5,000 Accounts payable decrease, $4,000 Cash paid for new equipment, $10,000 Net income, $20,000    

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