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A year ago

Belk Corporation's balance sheet appears below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 27$ 29
Accounts receivable3026
Inventory6561
Property, plant, and equipment500390
Less accumulated depreciation178160
Total assets$ 444$ 346
Liabilities and stockholders' equity:
Accounts payable$ 46$ 43
Accrued liabilities2324
Income taxes payable4647
Bonds payable7890
Common stock3430
Retained earnings217112
Total liabilities and stockholders' equity$ 444$ 346

The net income for the year was $126. Cash dividends were $21. The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year.

Required:

Prepare a statement of cash flows in good form using the indirect method.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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This helped my grade so much Perfect
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