MUST review carefully before bidding please. This is an important part as it will impact the accuracy of other reports using this data.
Using the information below prepare a Statement of Cash Flows
Increase in Accounts Receivable 9,500
Increase in Supplies 1,600
Increase in Prepaid Insurance 2,700
Purchase Equipment with Cash 44,000
Purchase of Building with Cash 100,000
Depreciation Expense 6,200
Purchase of Land 17,000
Increase in Interest Payable 500
Borrow on Note Payable 110,000
Payment on Note Payable 5,000
Cash Received from Issuance of Common Stock 60,000
Dividends Paid 8,000
Net Income 36,100
Increase in Cash 50,000
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