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Statement of cash flows

I had incorrect info on the first problem...this one is now correct.
A Company's net income last year was $119,000. Changes in the company's balance sheet accounts for the year appear below:

Increases
(decreases)
Debit Balances:
Cash...............................................$29,000
Accounts receivable...................$(21,000)
Inventory......................................$12,000
Prepaid expenses........................$(8,000)
Long-term investments.............$80,000
Plant and equipment..................$10,000

Credit Balances:
Accumulated depreciation.......$26,000
Accounts Payable.......................$23,000
Accrued liabilities.......................$14,000
Taxes Payable...........................$(9,000)
Bonds Payable..........................$(50,000)
Deferred taxes...........................$4,000
Common Stock..........................$20,000
Retained earnings.....................$74,000

The company declared and paid cash dividends of $45,000 last year.

Required:

a. Construct in good form the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.)

b. Construct in good form the investing activities section of the company's statement of cash flows for the year.

c. Construct in good form the financing activities section of the company's statement of cash flows for the year.

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Solution Summary

The solution explains how to prepare the operating, investing and financing section of a statement of cash flows

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