Erroneous Statement of Cash Flows The 2010 statement of cash flows for the Andell Company, as developed by its bookkeeper, is shown here:

You determine that the amounts of the items listed on the statement are correct, but in certain circumstances, incorrectly classified.

Required

Prepare a corrected 2010 statement of cash flows for the Andell Company

 

Q34;

Partially Completed Worksheet (Spreadsheet) The Hanks Company has prepared the following changes in account balances for the worksheet to support its 2010 statement of cash flows:

Additional information: The net income was $1,300. Depreciation expense was $350 and patent amortization expense was $100. At the end of 2010, long-term investments were purchased at a cost of $1,550. Land that cost $700 was sold for $900. On December 31, 2010, bonds payable with a face value of $2,000 were issued for equipment valued at $2,300. Two hundred shares of common stock were issued at $7 per share. Forty shares of common stock were issued as a “small” stock dividend, the relevant market price being $5 per share. Cash dividends declared and paid totaled $600.

Required

On the basis of the preceding information, complete the worksheet (spreadsheet).