The following information is available for Waterway Industries for the year ended December 31, 2022.
Beginning cash balance $ 51,750
Accounts payable decrease 4,255
Depreciation expense 186,300
Accounts receivable increase 9,430
Inventory increase 12,650
Net income 326,715
Cash received for sale of land at book value 40,250
Cash dividends paid 13,800
Income taxes payable increase 5,405
Cash used to purchase building 332,350
Cash used to purchase treasury stock 29,900
Cash received from issuing bonds 230,000
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e. g. - 15,000 or in parent Bonita Industries.)
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