From the financial statements and additional information provided in Problem 21B-1 for Dean Company, prepare a statement of cash flows using the direct method.

From the income statement (Figure 21.17) and balance sheet (Figure 21.18), along with the additional data for Dean Company, prepare a statement of cash flows using the indirect method.

Additional Data

1. All Plant and Equipment was purchased with cash.

2. Sold additional 7,000 shares of stock for cash at par.

3. A $1,500 dividend was declared and paid.

4. Short-term notes used to finance inventory.

In FIGURE 21.17

DEAN COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2012

In FIGURE 21.18

DEAN COMPANY
BALANCE SHEET
DECEMBER 31,2012

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Assets 2012 2011 Current Assets Cash Accounts Receivable, Net Merchandise Invent 340000 280000 900004400100 60000 210000 90000130000 aid Rent Total Current Assets Plant and Equipment Store Equipment Accum 12100l005000 00 1|이어001$ 43|어어이00 569 0 0oo 5360000 Store Equi Total Plant and Equipment Total Assets Liabilities Current Liabilities: Notes Payable-Short Term Accounts Payable 00000 Is 5600 00 15000 460000 1115000 S 1020000 Total Current Liabilities Long-Term Liabilities: Mortgage Payable Total Liabilities 2115000 IS 2720000 Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equit 75000 540000 35 75000 IS 2640000 569000000