On the basis of the following data for Grant Co. for 2010 and the preceding year ended December 31, 2009, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; and that the only entries in the retained earnings account were net income of $56,000 and cash dividends declared of $18,000.

This is Incomplete Question Balance sheet and other information not given so providing similar problem Just change the figures answer will change accordingly

On the basis of the following data for ABC. for 2008 and the preceding year ended December 31, 2007, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; and that the only entries in the retained earnings account were net income of $51,000 and cash dividends declared of$13,000.

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ear eaf 2008 2007 Cash Accounts receivable (net) Inventories Equipment Accumulated depreciation 90,000 S 78,000 S S 106,500 S 78.000 85,000 90,000 S 410,000 S 370,000 S (150,000) S (158,000) S 534,500 S 465.000 Accounts payable (merchandise creditors) S53,500 55,000 4,000 S 200,000 S 170,000 Cash dividends payable Common stock, S10 par Paid-in capital in excess of par-- 5,000 S common stock Retained earnings 62,000 S 60,000 S 214,000 S 176,000 S 534,500 S 465.000