Statement of Cash Flows (Indirect Method)

North Western Company provides the following financial information. Prepare a statement of cash flows for 2009, using the indirect method to report cash flows from operating activities.

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North Western Company Comparative Balance Sheets December 31, 2009 and 2008 2009 2008 Assets Cash and cash equivalents Accounts receivable (net). $ 4,500 $ 9,000 33,000 36,000 Inventory ... 75,000 60,000 Plant and equipment (net) 262,500 225,000 Total assets $375,000 $330,000 Liabilities and Stockholders' Equity Accounts payable $ 60,000 $ 54,000 Capital stock Retained earnings Total liabilities and stockholders' equity $375,000 225,000 90,000 217,500 58,500 $330,000