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Below is the information provided to you from Company XYZ Please use this information to prepare a statement of cash flows for the company using
Below is the information provided to you from Company XYZ Please use this information to prepare a statement of cash flows for the company using the indirect method. Show all work and calculations. In addition, underneath your statement write a brief 150 word minimum reflection about the financial health of the company given this information.
Dec. 31, 2018 Dec. 31, 2017 Cash Account Receivable Merchandise Inventory Investments Plant Assets Accumulated Depreciation Total Assets $100,000 19,000 29,000 132,000 90,000 (37,000) 333,000 $ 93,000 18,000 31,500 120,000 90,000 (23,000) 329,500 Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity 12,100 2,400 81,000 237,500 333,000 13,400 1,900 63,000 251,200 329,500 Additional information: Net income (loss) for 2018 Depreciation expense for 2018 Investments purchased, for cash Common stock issued for cash, at par value Dividends declared and paid (5,700) 14,000 12,000 18,000 8,000Step by Step Solution
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