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The Following Information Is Available for Chenard Corporation for the Year

Question 112

Essay

The following information is available for Chenard Corporation for the year ended December 31, 2014.  Beginning cash balance 35,000 Accounts payable decrease 3,200 Depreciation expense 76,000 Accounts receivable increase 8,200 Inventory increase 13,000 Net income 269,100 Cash received for sale of land at bookvalue 35,000 Sales revenue 747,000 Cash dividends paid 12,000 Income taxpayable increase 4,700 Cash used to purchase building 144,000 Cash used to purchase treasury stock 32,000 Cash received from issuing bonds 206,000\begin{array} { l r } \text { Beginning cash balance } & 35,000 \\\text { Accounts payable decrease } & 3,200 \\\text { Depreciation expense } & 76,000 \\\text { Accounts receivable increase } & 8,200 \\\text { Inventory increase } & 13,000 \\\text { Net income } & 269,100 \\\text { Cash received for sale of land at bookvalue } & 35,000 \\\text { Sales revenue } & 747,000 \\\text { Cash dividends paid } & 12,000 \\\text { Income taxpayable increase } & 4,700 \\\text { Cash used to purchase building } & 144,000 \\\text { Cash used to purchase treasury stock } & 32,000 \\\text { Cash received from issuing bonds } & 206,000\end{array}
Instructions
Prepare a statement of cash flows using the indirect method.

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