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Attached are the comparative balance sheets for Junco, Inc. for the years ending December 31, 20X5 and 20X6. In addition, the following information is available
Attached are the comparative balance sheets for Junco, Inc. for the years ending December 31, 20X5 and 20X6. In addition, the following information is available to prepare the statement of cash flows. REQUIRED: Using the attached forms, prepare a statement of cash flows, in proper form, for the year ending December 31, 20X6, using the indirect method. Be sure to include a schedule of noncash investing and financing activities. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{c} JUNCO, INC. \\ COMPARATIVE BALANCE SHEETS \\ AT DECEMBER 31,20X5 AND 20X6 \end{tabular}} \\ \hline & 206 & & 205 \\ \hline Cash & 9,000 & $ & 12,000 \\ \hline Short Term Investments & 15,000 & & 20,000 \\ \hline Accounts Receivable & 65,000 & & 50,000 \\ \hline Inventory & 40,000 & & 42,000 \\ \hline Prepaid Expenses & 4,000 & & 2,000 \\ \hline Property, Plant, and Equipment & 400,000 & & 350,000 \\ \hline Accumulated Depreciation-Property, Plant, and Equipment & (120,000) & ( & 100,000) \\ \hline Total Assets & 413,000 & $ & 376,000 \\ \hline Accounts Payable & 42,000 & s & 35,000 \\ \hline Short Term Notes Payable & 0 & & 25,000 \\ \hline Long Term Notes Payable & 50,000 & & 35,000 \\ \hline Common Stock, $10 par value & 200,000 & & 150,000 \\ \hline Paid In Capital in Excess of Par & 60,000 & & 60,000 \\ \hline Retained Earnings & 61,000 & & 71,000 \\ \hline Total Liabilities and Stockholders' Equity & 413,000 & $ & 376,000 \\ \hline \end{tabular}
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