_________ _________
Total $ 110,500 $ 120,100
Instructions
a. Prepare a statement of cash flows for 2017 using the indirect method.
b. Compute free cash flow. P13-1A
You are provided with the following transactions that took place during a recent fiscal year.
( a) Recorded depreciation expense on the plant assets.( b) Recorded and paid interest expense.( c) Recorded cash proceeds from a disposal of plant assets.( d) Acquired land by issuing common stock.( e) Paid a cash dividend to preferred stockholders.( f) Paid a cash dividend to common stockholders.( g) Recorded cash sales.( h) Recorded sales on account.( i) Purchased inventory for cash.( j) Purchased inventory on account.