Data from the comparative balance sheet of Johnson Company, at March 31, 2010, follow:

Requirements 1. Prepare Johnson Company’s statement of cash flows for the year ended March 31,2010, using the indirect method to report cash flows from operating activities.
2. Evaluate Johnson Company’s cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation.

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March 31 Current Assets: Cash and Cash Equivalents. Accounts Receivable.. Inventory..... Current Liabilities: Accounts Payable.. Accrued Liabilities. Income Tax Payable. 2010 2009 $13,400 $4,600 14,800 21,400 54,300 53,600 $29,000 $28,400 14,600 16,200 8,300 4,800