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Carlson Software Corp. has assembled the following data for the years ending December 31, 20X6 and 20x5. B (Click the icon to view the current
Carlson Software Corp. has assembled the following data for the years ending December 31, 20X6 and 20x5. B (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Carlson Software Corp.'s statement of cash flows using the Indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities. Start by completing the cash flows from operating activities. Then, complete the remaining section of the statement of cash flows including the schedule to be subtracted and for a net decrease in cash.) noncash investing and financing activities. (Use parentheses or a minus sign for numbers Carlson Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 20X6 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Requirement 1. Prepare Carlson Software Corp.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities. ++++ Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities on re Data table December 31 20X6 20x5 Current Accounts: Current assets: Cash and cash equivalents $ 107,600 $ 45,000 Accounts receivable 18,000 64,600 Inventories 10,400 82,000 3,200 2,300 Prepaid expenses Current liabilities: Accounts payable Income tax payable $ 9,300 $ 55,700 17,100 18,500 Accrued liabilities 15,200 17,200 Print Done g More info no Transaction Data for 20X6: $ 10,700 Acquisition of land by issuing long-term note payable Share dividends Purchase of treasury shares. $ 198,000 Loss on sale of equipment 3,000 31,600 Payment of cash dividends 18,100 Collection of loan. 10,200 Issuance of long-term note 34,200 Depreciation expense Purchase of building 19,000 payable to borrow cash 133,000 Net income 6,900 Retirement of bonds payable by Issuance of ordinary shares issuing ordinary shares 68,000 for cash 37,000 Purchase of long-term Proceeds from sale of investment 85,000 45,400 equipment Amortization expense n 4,200 Print Done
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