The following information is available for Ehrlich Corporation for the year ended December 31, 2021.  Beginning cash balance                           $45,000 Ending cash balance                                380,900 Accounts payable decrease                         3,700 Depreciation expense                              162,000 Accounts receivable increase                      8,200 Inventory increase                                      11,000 Net income                                                284,100 Cash received for sale of land - 35,000, purchased 2 years ago for 32,000 Cash dividends paid                                    12,000 Income taxes payable increase                    4,700 Cash used to purchase building               289,000 Cash used to purchase treasury stock       26,000 Cash received from issuing bonds           200,000 Instructions: Prepare the operating activities section of the statement of cash flows using the indirect method and prepare the investing and financing sections as well.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available for Ehrlich Corporation for the year ended December 31, 2021. 
Beginning cash balance                           $45,000
Ending cash balance                                380,900
Accounts payable decrease                         3,700
Depreciation expense                              162,000
Accounts receivable increase                      8,200
Inventory increase                                      11,000
Net income                                                284,100
Cash received for sale of land - 35,000, purchased 2 years ago for 32,000
Cash dividends paid                                    12,000
Income taxes payable increase                    4,700
Cash used to purchase building               289,000
Cash used to purchase treasury stock       26,000
Cash received from issuing bonds           200,000
Instructions: Prepare the operating activities section of the statement of cash flows using the indirect method and prepare the investing and financing sections as well.
 
 
 
 
 
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