8. The following information is available for Crawford Corporation for the year

Question

8. The following information is available for Crawford Corporation for the year ended
December 31, 2011.

Beginning cash balance $ 35,000
Accounts payable decrease 3,200
Depreciation expense 172,000
Accounts receivable increase 8,200
Inventory increase 13,000
Net income 269,100
Cash received for sale of land at book value 35,000
Sales 747,000
Cash dividends paid 12,000
Income tax payable increase 4,700
Cash used to purchase building 114,000
Cash used to purchase treasury stock 32,000
Cash received from issuing bonds 150,000

Instructions
Prepare a statement of cash flows using the indirect method.

Explanation / Answer

Cash Inflow : 35000 + 8200 + 13000 + 269100 + 35000 + 747000 + 150000 Cash Outflow : 3200 + 172000 + 12000 + 4700 + 114000 + 32000 Net Inflow: $1 257 300 Net Outflow:$ 337 900 Net Revenue = Net Inflow-Net Outflow = $1 257 300-$ 337 900 =$ 919400

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