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3.) Prepare a Statement of Cash Flows using the indirect method The balance sheets for Kinder Company showed the following information. Additional information concerning transactions
3.) Prepare a Statement of Cash Flows using the indirect method The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2018 are presented below Kinder Company Balance Sheet December 31 2018 2017 Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation $ 35,900$ 10,200 38,300 35,000 0 236,500 (37.700) $308,000 20,300 42,000 15,000 150,000 () 25,000 $212,500 Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings $17,000 21,000 70,000 130,000 70,000 $308,000 $ 26,500 17,000 50,000 90,000 29,000 $212,500
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