Capacitantes #4: El estudiante preparar el informe de flujos de efectivo, usando el mtodo indirecto. Problem: PREPARE A STATEMENT OF CASH FLOWS Based on the following data for Petra Co. for the year ending December 31, 2019 and the preceding year ended December 31, 2018, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. In addition to the balance sheet data, assume that: Equipment costing $125,000 purchased for cash. Equipment costing 885,000 with accumulated depreciation of $65.000 sold for $15,000, resulting a loss of $5,000. The stock issued for cash. Net income for the year 2019 is $51,000. Depreciation for the year 2019 is $57,000 and loss from sale of equipment is $5,000. Cash dividends paid for 2019 is $12,000. Cash Accounts receivable (net) Inventories Equipment Accumulated depreciation Year 2019 $100,000 78,000 101,500 410,000 (150,000) $539,500 Year 2018 S 78,000 85,000 90,000 370,000 (158,000) S465.000 Accounts payable (merchandise creditors) Cash dividends payable Common stock, sio par Paid-in capital in excess of par common stock Retained earnings S 58,500 5,000 200,000 S 55,000 4,000 170,000 62,000 214.000 S539.500 60,000 176,000 S465.000