The following items were gathered from Crane Industries' general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance $ 15,000 25,762 3,543 801 150 26,943 19,600 24,882 1,048 2,241 3,465 4,250 63,905 Using the indirect method, construct Crane Industries' statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g.-15,000 or in parentheses, e.g. (15,000).)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The following items were gathered from Crane Industries' general ledger:
Sale of marketable securities
Depreciation and amortization expense
Payment of cash dividends
Proceeds from disposal of equipment
Loss on disposal of equipment
Net income
Beginning Cash balance
Purchase of equipment
Decrease in Accounts Receivable
Proceeds from issuing common stock
Increase in Inventory
Increase in Accounts Payable
Ending Cash balance
$ 15,000
25,762
3,543
801
150
26,943
19,600
24,882
1,048
2,241
3,465
4,250
63,905
Using the indirect method, construct Crane Industries' statement of cash flows. (Show amounts that decrease cash flow with either a -
sign, e.g. -15,000 or in parentheses, e.g. (15,000).)
SUPF
Transcribed Image Text:The following items were gathered from Crane Industries' general ledger: Sale of marketable securities Depreciation and amortization expense Payment of cash dividends Proceeds from disposal of equipment Loss on disposal of equipment Net income Beginning Cash balance Purchase of equipment Decrease in Accounts Receivable Proceeds from issuing common stock Increase in Inventory Increase in Accounts Payable Ending Cash balance $ 15,000 25,762 3,543 801 150 26,943 19,600 24,882 1,048 2,241 3,465 4,250 63,905 Using the indirect method, construct Crane Industries' statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) SUPF
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