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2-3, E12-13 Preparing and Evaluating a Statement of Cash Flows (indirect Method) from Comparative Batance sheets and Income Statements Consulter, Ioc, was founded in 2018

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2-3, E12-13 Preparing and Evaluating a Statement of Cash Flows (indirect Method) from Comparative Batance sheets and Income Statements Consulter, Ioc, was founded in 2018 as a sesall fitancial consubting business. The conpany bud done teasoeably well in 20152020 but alarted posicing its cuch dwindle early in 2021 . In Janusy 2021. Conselex had paid $16,000 wo porchase tand and repuid 52,000 principal on an exising promerisory eote. In Marcha, the coimpary paid $2,000 exch for dividends and $1,000 to reparctare and elinimate Consulaex rock that had previeasly been issued for 51,000 . To iappove its cash position, Conwultex borrwed 55,000b signing a new proniswory noec in May and also issucd theel to a eew private intewat for $12,000 cash Yearend compurative bulance theets and incomo stites ments are presenticul below: Requirements: 1. Prejare a properly formatied Staiemeit of Cavh Flows for Consaliex, Incu, for the year ended Oetoler 31. 2021 (usitg the indirect michod) 2. What one thing can Consultes neasonably change in 2922 to avold depleting is casth

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