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account Prepare the statement of cash flows for Benji Company using the indirect method. Benji Company Income Statement For the Year Ended December 31, 2015

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Prepare the statement of cash flows for Benji Company using the indirect method. Benji Company Income Statement For the Year Ended December 31, 2015 Revenues $8,200 Depreciation expense $ 400 Other operating expenses 6,800 7,200 Income before income taxes $1,000 Income tax expense 340 Net income $ 660 Benji Company Balance Sheet December 31, 2015 and 2014 2015 2014 2015 2014 Assets: Liab. & SE: Cash $ 380 $ 120 A/P $ 770 $ 600 A/R 640 580 Inc. Taxes/Pay. 90 160 Inventories 950 840 LT debt 1,080 1,630 Plant & Equip. 2,870 2,990 Common Stock 1,000 1,000 Less: Acc. Depr. (1,120) (720) Retained Earnings 780 420 Total Assets $3,720 $3,810 Total Liab. & SE $3,720 $3,810

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