The comparative balance sheet of Rise \(\mathrm{N}^{\prime}\) Shine Juice Co. at December 31, 2008 and 2007, is as follows:

{Instructions}
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.obj. 3

Transcribed Image Text:

Dec. 31, 2008 Dec. 31, 2007 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Land Buildings Accumulated depreciation-buildings 542,100 $ 392,300 354,200 $ 412,300 325,600 497,000 12,500 15,000 135,000 205,000 625,000 385,000 (174,600) (163,400) Equipment 218,900 194,300 Accumulated depreciation-equipment (60,400) (67,800) $2,045,000 $1,803,000