The following information is available for Sunland Company for the year ended December 31, 2017. Beginning...

The following information is available for Sunland Company for the year ended December 31, 2017.

Beginning cash balance		$ 46,620
Accounts payable decrease		3,833
Depreciation expense		167,832
Accounts receivable increase		8,495
Inventory increase		11,396
Net income		294,328
Cash received for sale of land at book value		36,260
Cash dividends paid		12,432
Income taxes payable increase		4,869
Cash used to purchase building		299,404
Cash used to purchase treasury stock		26,936
Cash received from issuing bonds		207,200

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Expert Solution

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

ekkarill92 answered 8 months ago

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