Chapter 5, Problem 13P

Statement of Cash Flows The following are Mueller Company’s cash flow activities:

1. a. Net income, $68,000
2. b. Increase in accounts receivable, $4,400
3. c. Receipt from sale of common stock, $12,300
4. d. Depreciation expense, $11,300
5. e. Dividends paid, $24,500
6. f. Payment for purchase of building, $65,000
7. g. Bond discount amortization, $2,700
8. h. Receipt from sale of long-term invest­ments at cost, $10,600
9. i. Payment for purchase of equipment, $8,000
10. j. Receipt from sale of preferred stock, $20,000
11. k. Increase in income taxes payable, $3,500
12. l. Payment for purchase of land, $9,700
13. m. Decrease in accounts payable, $2,900
14. n. Increase in inventories, $10,300
15. o. Beginning cash balance, $18,000

Required:

Prepare Mueller Company's statement of cash flows.