1. prepare a statement of cash flow using the indirect method

Coumtng, 10e LUS Help | System Announcements CALCULATOR P PTobiemIZ. Parttever submissTOT The following are the financial statements of Splish Brothers Inc.. Splish Brothers Inc. Comparative Balance Sheets December 31 Assets 2019 2018 Cash $36,400 $20,600 Accounts receivable 33,000 18,700 Inventory 29,700 20,000 Equipment Accumulated depreciation-equipment 59,800 77,000 (29,700) (23,500) Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable $29,000 $16,200 Income taxes payable 7,500 8,300 Bonds payable 27,400 33,000 Common stock 18,600 14,300 Retained earnings 46,700 41,000 Total $129,200 $112,800 earch O Et Return to Blackboard US Weygandt, Financial Accounting, 10e Help tem Announcements CALCULATOR PRINTER VERSION BACK Splish Brothers Inc. Income Statement For the Year Ended December 31, 2019 Sales revenue $242,900 Cost of goods sold 175,200 Gross profit 67,700 Operating expenses 24,100 Income from operations 43,600 3,500 Interest expense Income before income taxes 40,100 Income tax expense 7,700 Net income $32,400 Additional data: 2. During the year, equipment was sold for $9,700 cash. This equipment cost $17,200 originally and had a book value of $9,700 at th time of sale. 1. Dividends declared and paid were $26,700. 3. All depreciation expense, $13,700, is in the operating expenses. 4. All sales and purchases are on account. 10/2 160 DELL