a. je. Le- C. Additional transactions were as follows: Purchased equipment costing R 500,000. b. Sold equipment costing R600,000 with a book value of R250,000 for R400,000. Retired preferred stock at a cost of R1,100,000 (the premium is debited to retained earnings). d. Issued 10,000 shares of common stock (par value, R40) for R100 per share. Reported a loss of R150,000 for the year. f. Purchased land for R500,000. e. he d. t OBJECTIVE 1 2 Problem 15-44 Statement of Cash Flows: Indirect Method Refer to the information for Brierwold Corporation above. Required: Prepare a statement of cash flows using the indirect method. he e- OBJECTIVE 3 4 31. Problem 15-45 Statement of Cash Flows, Worksheet Refer to the information for Brierwold Corporation on the previous page. ar ct Required: Prepare a statement of cash flows using the worksheet approach. Use the indirect method to prepare the statement. Additional information is as follows: a. Interest expense includes R18,000 of discount amortisation. b. The prepaid insurance expense account decreased by R20,000 during the year. Wages payable decreased by R30,000 during the year. d. Accounts payable increased by R75,000 (this account is for purchase of merchandise only). e. Accounts receivable increased by R100,000 (net of al- lowance for doubtful accounts). f. Inventory decreased by R160,000. C. Required: Prepare a schedule of operating cash flows using the indirect method. a. je. Le- C. Additional transactions were as follows: Purchased equipment costing R 500,000. b. Sold equipment costing R600,000 with a book value of R250,000 for R400,000. Retired preferred stock at a cost of R1,100,000 (the premium is debited to retained earnings). d. Issued 10,000 shares of common stock (par value, R40) for R100 per share. Reported a loss of R150,000 for the year. f. Purchased land for R500,000. e. he d. t OBJECTIVE 1 2 Problem 15-44 Statement of Cash Flows: Indirect Method Refer to the information for Brierwold Corporation above. Required: Prepare a statement of cash flows using the indirect method. he e- OBJECTIVE 3 4 31. Problem 15-45 Statement of Cash Flows, Worksheet Refer to the information for Brierwold Corporation on the previous page. ar ct Required: Prepare a statement of cash flows using the worksheet approach. Use the indirect method to prepare the statement. Additional information is as follows: a. Interest expense includes R18,000 of discount amortisation. b. The prepaid insurance expense account decreased by R20,000 during the year. Wages payable decreased by R30,000 during the year. d. Accounts payable increased by R75,000 (this account is for purchase of merchandise only). e. Accounts receivable increased by R100,000 (net of al- lowance for doubtful accounts). f. Inventory decreased by R160,000. C. Required: Prepare a schedule of operating cash flows using the indirect method