2:40 Done 2 of 2 Exercise 2: Larson Company Income Statement onth Ended December 31, 2018 On December 31, Larson Company, the accounting records showed the following Fees eamed 9,700 Utilities Expense 280 Cash 11,120 Rent Expense $750 Retained Earnings, December 31 $7,850 Accounts Payable $3,500 Accounts Receivable 1,200 Prepaid Rent 750 Wages Expense 2700 Dividends Repair Expense 850 Inventory 1500 Miscellaneous expense 350 Equipment 6000 Common Stock 20 000 Trucks 15 000 1-Propare: Income Statement, Balance sheet, statement of Retained Earnings 550 III 2:40 Done 2 of 2 Exercise 2: Larson Company Income Statement onth Ended December 31, 2018 On December 31, Larson Company, the accounting records showed the following Fees eamed 9,700 Utilities Expense 280 Cash 11,120 Rent Expense $750 Retained Earnings, December 31 $7,850 Accounts Payable $3,500 Accounts Receivable 1,200 Prepaid Rent 750 Wages Expense 2700 Dividends Repair Expense 850 Inventory 1500 Miscellaneous expense 350 Equipment 6000 Common Stock 20 000 Trucks 15 000 1-Propare: Income Statement, Balance sheet, statement of Retained Earnings 550 III 2:40 . Done 1 of 2 Exercise 3: The Big and Fast company provides the following Information about its stock issued : $41,000 Land sold: $63,000 Bonds issued: $250,000 Machinery purchased: $145,000 Common stock issued: $169,000 Dividends paid: $162,000 losse on disposal of equipment 9000 Increase in accounts receivable: $36,000 Increase in accounts payable: $46,600 Increase in inventory: $12,800 Decrease in income tax: $22,000 Increase in prepaid expenses: $25,000 The depreciation expense was $25,000 net income of $100,000 Cash Beginning $13000 Compute statement of cash flows using indirect method