Statement of cash flow
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The Ladies Store presented the following statement of cash flows for the year ended December 31, 2005.
THE LADIES STORE
Statement of Cash Flows
For Year Ended December 31, 2005
Cash received:
From sales to customers $150,000
From sales of bonds 100,000
From issuance of notes payable 40,000
From interest on bonds 5,000
Total cash received $295,000
Cash payments:
For merchandise purchase $110,000
For purchase of truck 20,000
For purchase of investment 80,000
For purchase of equipment 45,000
For interest 2,000
For income taxes 15,000
Total cash payment $272,000
Net cash payments $ 23,000
Note: Depreciation expense was $15,000.
Prepare a statement of cash flows in proper form
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