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based on the information provided below, complete the following worksheet to be used to prepare the statment of cash flows using the indirect method. A.
based on the information provided below, complete the following worksheet to be used to prepare the statment of cash flows using the indirect method. A. net income for the year was 30000 b.dividends of $10000 were declard and paid C. stylish's only noncash expense was depre ciation which totaled $50000 D.the company purchased plant assets for $70000 E.notes payable in the amount of $40000 were issued during the year for each. cash flows-indirect method for year ended decemeber 31.2011 analysis of changes 12/31/10 DR CR 12/31/11 Balance sheet-Dr cash 70000 60000 accounts receivable 180000 190000 merchandise inventory 200000 230000 plant assets 500000 570000 total 950000 1050000 Balance sheet-cr accumulated depreciation 100000 150000 accounts payable 170000 160000 notes payable 350000 390000 capital stock 200000 200000 retained earnings 130000 150000 total 950000 1050000 statement of cash flows operating activities: net income inrease in accounts receivable increase in merchandise inventory decrease in accounts payable depreciation expense investing activities: cash paid to purchase plant assets financing activities: cash paid for dividends cash received frome note payable
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