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Question 10 10 pts Based on the following financial information, answer the following questions as they relate to the Statement of Cash Flows (using the Indirect Method for the Operating Activities Section) Net Income 75,000 Depreciation 500 Expense Accounts Receivable - 750 Increase Inventory 200 Increase Accounts Payable - 1,000 Decrease Income Taxes 650 Payable - Increase Cash Received 20,000 from Sale of Equipment
Cash Dividends Paid 3,000 Cash Paid to Purchase 85,000 Building Cash Received 1,000,000 from Issuing Bonds Cash Received 40,000 from Issuing Stock > Cash Flow Provided by (Used by) Operating Activities Cash Flow Provided by (Used by) Investing Activities [ Select] [ Select ] 75,000 74,500 74.200 [Select ] >
Cash Dividends 3,000 Paid Cash Paid to Purchase 85,000 Building Cash Received 1,000,000 from Issuing Bonds Cash Received 40,000 from Issuing Stock [ Select] Cash Flow Provided by (Used by) Operating Activities Cash Flow Provided by (Used by) Investing Activities [ Select) ( Select ] 20,000 972,000 -65,000