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The following information was gathered from Brandon Corporation's financial records:Net ...

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The following information was gathered from Brandon Corporation's financial records:Net ...

The following information was gathered from Brandon Corporation's financial records:

Net income	$65,000
Depreciation expense	12,000
Beginning cash balance	22,000
Decrease in accounts receivable	12,000
Increase in inventory	8,000
Decrease in accounts payable	6,000
Decrease in accrued liabilities	2,000
Proceeds from bank loan	25,000
Payment of dividends to stockholders	16,000
Purchase of land	35,000

Required:

Using the indirect method, prepare a statement of cash flows for Brandon Corporation. Omit the statement heading.

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Managerial Accounting

Edition: 4^th

Author: Davis

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