Preparation of statement of cash flows (format provided).The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below. Additional data:1. Net income for the year 2015, $71,000.2. Depreciation on plant assets for the year, $12,700.3. Sold the long-term investments for $28,000 (assume gain or loss is ordinary).4. Paid dividends of $30,000.5. Purchased machinery costing $21,500, paid cash.6. Purchased machinery and gave a $60,000 long-term note payable.7. Paid a $40,000 long-term note payable by issuing common stock.

Question

Preparation of statement of cash flows (format provided).The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below.  Additional data:1. Net income for the year 2015, $71,000.2. Depreciation on plant assets for the year, $12,700.3. Sold the long-term investments for $28,000 (assume gain or loss is ordinary).4. Paid dividends of $30,000.5. Purchased machinery costing $21,500, paid cash.6. Purchased machinery and gave a $60,000 long-term note payable.7. Paid a $40,000 long-term note payable by issuing common stock.

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The Answer of Preparation of statement of cash flows (format provided).The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below.  Additional data:1. Net income for the year 2015, $71,000.2. Depreciation on plant assets for the year, $12,700.3. Sold the long-term investments for $28,000 (assume gain or loss is ordinary).4. Paid dividends of $30,000.5. Purchased machinery costing $21,500, paid cash.6. Purchased machinery and gave a $60,000 long-term note payable.7. Paid a $40,000 long-term note payable by issuing common stock.

Preparation of Statement of Cash Flows (Format Provided)