Business, 07.04.2020 18:05 saucyboyFredo

The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2017.

Net income $314,000
Amortization of patent 12,000
Proceeds from issuance of common stock 103,000
Decrease in inventory 27,000
Sale of building at a $15,000 gain 85,000
Decrease in accounts payable 15,000
Purchase of equipment 185,000
Payment of cash dividends 24,000
Depreciation expense 55,000
Decrease in accounts receivable 23,000
Payment of mortgage 75,000
Increase in short-term notes payable 8,000
Sale of land at a $5,000 loss 40,000
Purchase of delivery van 33,000
Cash at beginning of year 205,000

Prepare a statement of cash flows for Waverly Corporation for the year ended December 31, 2017.

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The information shown below is taken from the accounts of Waverly Corporation for the year ended Dec...

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