86 Using the Indirect Method, Complete the Statemenet of Cashflow for 21/31/23 Note Use the excel template below and remember that cash outflow must be put in as a negative number Preliminary Computations needed to complete Statement of Cash Flows 87 88 Required 89 90 91 92 93 94 95 96 Computation #2 97 98 99 100 Computation #3 101 102 What is the original cost of the Plant Asset that was sold Cash Acc Dep on Asset Gain Reconcile the Plant Asset Account to detemine how much was purchased Beg PIAsst Cst PI Asst Sold Net Explain the reason a Cashflow Statement is necessary to investors. Extra B If Accounts Payable go down, does this represent an increase or decrease in cash and why. 103 104 105 Pickle Computer Equipment, Inc. Statement of Cashflows Extra A 106 31-Dec-23 107 108 Cash Flows from operating Activities 109 110 Net Income 111 40,000 Adjustments to Net Income 112 113 Additions to Cash 114 115 116 117 118 Deductions to Cash 119 120 121 122 123 124 125 Net Cash Provided by Operating Activities 126 127 Cashflows from Investing Activities 128 129 130 131 132 Net Cash from Investing Activities Extra C 133 134 Cashflows from Financing Activities 135 136 137 138 139 140 141 142 143 144 Net Cash Provided By Financing Activities 145 146 Net change in cash Extra D 147 148 Cash Balance Beginning of year 149 150 Cash Balance End of Year 151 152 153 154 155 156 157 Extra A Ready Sheet1 + Accessibility: Investigate How is depreciation used to adjust income to find cashflow from operations Explain the difference between a change in accounting estimate and change in accounting standard. Original Cost Purchases Ending PL Asst - 43%