Chapter 21, Problem 2E

Visual Inspection Gordon Company’s accounting records provided the following changes in account balances and other information for 2016:

Additional information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,800. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $55 per share. The ending cash balance was $4,200.

Required:

Using visual inspection, prepare a 2016 statement of cash flows for Gordon.