Also Prepare:

Cash Flows from Operations

Cash flows from Investing

Cash flows from Financing

Net change in Cash

Problem 4: Statement of Cash Flows A comprehensive set of financial statements for the Smith Products Co. is given below. a) Long-term notes payable with a value of $90,000 were repaid during the year. b) Equipment was sold for $80,000. The equipment had cost $100,000 and had $30,000 of accumulated depreciation. c) Long term investments were sold for $110,000. These investments had a cost of $100,000. REQUIRED Prepare a Statement of Cash Flow (Indirect Method)