The following information is available for Felix Corporation for the year ended December 31, 2010.
|
Beginning cash balance |
$ 45,000 |
|
Accounts payable decrease |
3,700 |
|
Depreciation expense |
187,000 |
|
Accounts receivable increase |
8,200 |
|
Inventory increase |
11,000 |
|
Net income |
284,100 |
|
Cash received for sale of land at book value |
35,000 |
|
Sales |
747,000 |
|
Cash dividends paid |
12,000 |
|
Income tax payable increase |
4,700 |
|
Cash used to purchase building |
129,000 |
|
Cash used to purchase treasury stock |
32,000 |
|
Cash received from issuing bonds |
200,000 |
Instructions
Prepare a statement of cash flows using the indirect method.