The following information is available for Ramos Corporation for the year ended December 31, 2014.
Beginning cash balance $45,000
Accounts payable decrease 3,700
Depreciation expense 162,000
Accounts receivable increase 8,200
Inventory increase 11,000
Net income 284,100
Cash received for sale of land at book value 35,000
Cash dividends paid1 2,000
Income taxes payable increase 4,700
Cash used to purchase building 289,000
Cash used to purchase treasury stock 26,000
Cash received from issuing bonds 200,000
Instructions:
Prepare a statement of cash flows using the indirect method.
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Home » Business » The following information is available for Ramos Corporation for the year ended December 31, 2014. Beginning cash balance $45,000 Accounts payable decrease 3,700 Depreciation expense 162,000 Accounts receivable increase 8,200 Inventory increase