Help me please Based on the following information, prepare the cash flow statement using the indirect method.income statementSalescost of goods sold480,000243,200salaries expense55,200depreciation expenseinterest expenserent expense24,0004,50036,000loss on equipment disposal1,400364,300115,700net incomeStatement of Retained EarningsBeginning Balance - Retained EarningsPlus - Net Income36,300115,700(18,000)134,000Less - DividendsEnding Balance - Retained Earnings24Balance sheets20202021changeAssets:Cash45,10015,0006,800(2,000)27,50072,600Accounts Receivable32,60047,600Inventoryprepaid expensesEquioment48,00054,8007,2005,20056 000 TEnding Balance - Retained Earnings134,000Balance sheets20202021changeAssets:Cash45,10015,0006,800(2,000)21,00027,50072,600Accounts Receivable32,60047,600Inventoryprepaid expensesEquipment48,00054,8007,2005,20056,00077,000Accum. Depr - Equipment(32,500)(6,000)(26,500)144,800total assets224,700Liabilities:Accounts Payableaccrued LiabilitiesBonds Payable13,0001,200(32,000)12,70025,7003,8005,00072,00088,50040,00070,700total liabilitiesshareholders Equity:Common StockRetained Earningstotal equity20,00020,00036,300134,00097,70056,300154,000total liabilities and shareholder equity144,800224,700other info: new equipment purchase of46,000

The statement that is prepared to record the cash used or provided by different activities in the…

Cash 45,100 15,000 6,800 (2,000) 21,000 27,500 72,600 Accounts Receivable Inventory prepaid expenses Equipment 32,600 47,600 48,000 54,800 7,200 5,200 56,000 77,000 Accum. Depr- Equipment (6,000) (32,500) 224,700 (26,500) total assets 144,800 Liabilities: Accounts Payable accrued Liabilities Bonds Payable 13,000 1,200 (32,000) 12,700 25,700 3,800 5,000 40,000 70,700 72,000 total liabilities 88,500 shareholders Equity: Common Stock Retained Earnings 20,000 20,000 36,300 134,000 97,700 total equity 56,300 154,000 total liabilities and shareholder equity 144,800 224,700 other info: new equipment purchase of 46,000

Cash 45,100 15,000 6,800 (2,000) 21,000 27,500 72,600 Accounts Receivable Inventory prepaid expenses Equipment 32,600 47,600 48,000 54,800 7,200 5,200 56,000 77,000 Accum. Depr- Equipment (6,000) (32,500) 224,700 (26,500) total assets 144,800 Liabilities: Accounts Payable accrued Liabilities Bonds Payable 13,000 1,200 (32,000) 12,700 25,700 3,800 5,000 40,000 70,700 72,000 total liabilities 88,500 shareholders Equity: Common Stock Retained Earnings 20,000 20,000 36,300 134,000 97,700 total equity 56,300 154,000 total liabilities and shareholder equity 144,800 224,700 other info: new equipment purchase of 46,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 33BE

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