Chapter 5, Problem 12P

Statement of Cash Flows A list of Fischer Company’s cash flow activities is presented here:

1. a. Patent amortization expense, $3,500
2. b. Machinery was purchased for $39,500
3. c. At year-end, bonds payable with a face value of $20,000 were issued for $17,000
4. d. Net income, $47,200 k. Inventories increased by $15,400
5. e. Dividends paid, $16,000
6. f. Depreciation expense, $12,900
7. g. Preferred stock was issued for $13,600
8. h. Investments were acquired for $21,000
9. i. Accounts receivable increased by $4,300
10. j. Land was sold at cost, $11,000
11. k. Inventories increased by $15,400
12. l. Accounts payable increased by $2,700
13. m. Beginning cash balance, $19,400

Required:

Prepare Fischer’s statement of cash flows.