Prepare a statement of cash flows using JSFD’s balance sheet, income statement and the additional information is provided below: (CLO5)
a) Retired notes payable through a $12,000 cash payment
b) See problem 2 for cash received from issuing common and preferred stock, cash paid to purchase shares of treasury stock and cash dividends.
c) Sold plant assets yielding a gain of $25,000
d) Purchased $160,000 plant assets paying cash