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2009 2008 Accounts receivable Inventory Prepaid advertising and promotion Accounts payable Interest payable Unearned revenue Retained earnings 600,000 505,000 30,000 340,000 3,900 176,000 12,928,000 630,000
2009 2008 Accounts receivable Inventory Prepaid advertising and promotion Accounts payable Interest payable Unearned revenue Retained earnings 600,000 505,000 30,000 340,000 3,900 176,000 12,928,000 630,000 480,000 0 307,000 4,500 193,000 12,333,000 Increase (Decrease) (30,000) 25,000 30,000 33.000 (600) (17,000) 595.000 GT INDUSTRIES Income Statement year ended December 31, 2009 Sales Gain on sale of building $ 7.200,000 200.000 7,400,000 Cost of poods sold Other expenses Salary and wage expense Interest expense Amortization expense Property, plant and equipment Advertising and promotion expense Loss on sale of equipment Total expenses Net income $4,040,000 1.960,500 320,000 35.000 230.000 81.000 18.500 6.685.000 715.000 Required a. Prepare the cash flow from operating activities section of the cash flow statement for GT Industries for the year ended December 31, 2009. using the indirect method Display Settings Difocus
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