152 the following selected data for skyway corporation for the year ended december 3 4305836

152 the following selected data for skyway corporation for the year ended december 3 4305836

152) The following selected data for Skyway Corporation for the year ended December 31, 2010, is available to you for preparing the cash flow statement:

Cost of goods sold$56,500Sales revenue$97,300

Amortization expense14,100Interest revenue4,100

Income tax expense2,300Dividend revenue3,600

Other operating expenses17,700Salary expense24,000

Loss on sale of investments1,400Interest expense5,900

Gain on sale of property,

      plant, and equipment7,200

The cash account began the year with a balance of $15,000 and ended the year with a balance of $195,800.

Accounts receivable decreased$ 13,600

Inventory increased6,800

Prepaid expenses decreased2,700

Accounts payable increased21,400

Salary payable increased1,500

Accrued liabilities decreased4,300

Income tax payable increased800

Acquisition of property, plant, and equipment46,000

Issuance of common shares125,000

Cash received from sale of investments35,000

Collection of loan principal22,600

Payment of dividends15,000

Purchased equipment by signing a note payable20,000

Cash received from sale of property, plant, and equipment31,700

Prepare the cash flow statement for Skyway Corporation for the year ended December 31, 2010, using the indirect method, and include a schedule of noncash investing and financing activities if necessary.

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