Based on the information provided below,complete the following worksheet to be used to prepare the statement of cash flows:
(a)Net income for the year was $30,000.
(b)Dividends of $10,000 were declared and paid.
(c)Stylish's only noncash expense was depreciation,which totaled $50,000.
(d)The company purchased plant assets for $70,000.
(e)Notes payable in the amount of $40,000 were issued during the year for cash.
(f)Merchandise inventory increased $30,000.
(g)Accounts payable decreased $10,000,

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The Answer of Based on the information provided below,complete the following worksheet to be used to prepare the statement of cash flows:
(a)Net income for the year was $30,000.
(b)Dividends of $10,000 were declared and paid.
(c)Stylish's only noncash expense was depreciation,which totaled $50,000.
(d)The company purchased plant assets for $70,000.
(e)Notes payable in the amount of $40,000 were issued during the year for cash.
(f)Merchandise inventory increased $30,000.
(g)Accounts payable decreased $10,000,

Based on the Information Provided Below,complete the Following Worksheet to Be