5b and 6B

Chapter 12 Statement of Cash Flows 60 Sales revenue. Cost of goods sol Wages expense Rent expense Insurance expense Net income. $1,120,000 ...$770,000 .210,000 65,000 45,000 1,090,000 S 30,000 Additional information about the company includes: End of Beginning Year of Year Accounts receivable. Inventory. $74,000 $49.000 70,000 74,000 7,000 26,000 28,000 ....11,000 13,000 5,000 Use the preceding information to calculate the cash flow from operating activities using the indirect method 6B Statement of Cash Flows (Indirect Method) Use the following information regarding the Fre LO2 mantle Corporation to prepare a statement of cash flows using the indirect methoo: Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense. 4,000 5,000 21,000 Cash paid to retire bonds payable at par........................ 70,000 Cash received from issuance of common stock .......................75,000 Cash received from sale of equipment ..............................17,000 Depreciation expense. Gain on sale of equipment Inventory decrease.. Net income Prepaid expenses increase 65,000 14,000 2,000