Account Names:

Exercise 12-4 Kingbird, Inc. reported net income of $196,300 for 2019. Kingbird also reported depreciation expense of $42,600 and a loss of $6,300 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $13,100 for the year, a $15,100 increase in accounts payable, and a $4,800 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Kingbird, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to Exercise 12-4 Kingbird, Inc. reported net income of $196,300 for 2019. Kingbird also reported depre accounts receivable of $13,100 for the year, a $15,100 increase in accounts payable, a Prepare the operating activities section of the statement of cash flows for 2019. Use th Kingbird, Inc. Partial Statement of Cash Flows Increase in Accounts Payable Net Income Decrease in Prepaid Expenses Depreciation Expense Decrease in Accounts Receivable Increase in Accounts Recelvable Increase in Prepaid Expenses Loss on Disposal of Plant Assets Decrease in Accounts Payable 0 Exercise 12-4 Kingbird, Inc. reported net income of $196,300 for 2019. Kingbird also reported depreci accounts receivable of $13,100 for the year, a $15,100 increase in accounts payable, an Prepare the operating activities section of the statement of cash flows for 2019. Use the Kingbird, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activitles Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Exercise 12-4 Kingbird, Inc. reported net income of $196,300 for 2019. Kingbird also reported depreciati accounts receivable of $13,100 for the year, a $15,100 increase in accounts payable, and a Prepare the operating activities section of the statement of cash flows for 2019. Use the ino Kingbird, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to Loss on Disposal of Plant Assets Increase in Prepaid Expenses Decrease in Accounts Receivable Decrease in Prepaid Expenses Increase in Accounts Payable Net Income Depreciation Expense Decrease in Accounts Payable Increase in Accounts Recelvable