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(Appendox 11 B) Using a Spresdsheet to Prepace a Statement of Cash Fows Comparative balance sheets for Cincinnati Health Club are presented below. 1. Cicinnat
(Appendox 11 B) Using a Spresdsheet to Prepace a Statement of Cash Fows Comparative balance sheets for Cincinnati Health Club are presented below. 1. Cicinnat Health Club reported net income of $2,800 for the year 2. No buildingt or equipenent were sold during the yeor. Equipment was purchased for 511,000 cash. 3. Deprenciation expente was 128,000 . 4. Bonds payable of $50,000 nere issued for cash during the year. 5. Common stock of 540,000 was litsued during the yeor. 6. Cash dividends of 519,100 were dociared and paid during the yeac. 2. Using your sprebdshicet, construct the Statement of Carh Flows below, Assume Cincianoti Heaith Club uses the indirect method. Use a minus sign to enter cash outflows. Cincinnati Health Club Statement of Cash flows
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