(Solution) - Condensed financial data of Oprah Company appear below and on -(2025 Original AI-Free Solution)

Paper Details

Condensed financial data of Oprah Company appear below and on shown below.

Additional information:
1. New plant assets costing $92,000 were purchased for cash during the year.
2. Investments were sold at cost.
3. Plant assets costing $47,000 were sold for $15,550, resulting in gain of $8,750.
4. A cash dividend of $83,400 was declared and paid during the year.

Instructions
Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling item directly in the worksheet columns, using letters to cross-reference eachentry.