Cash 690 Chapter 14 Statement of Cash Flows Prepare of ch flows-Indirect method P14-9B Condensed financial data of Yeger Company are show below. ISO 3) YAEGER COMPANY Comparative lance Shots December 31 Assets 2008 $ 97,700 20.800 Accounts receivable 121.500 Inventories 89.500 Investments 310,000 Plant assets Accumulated depreciation (49,500) Total $640,400 Liabilities and Stockholders' Equity Accounts payable $ 62,700 15.100 Accrued expenses payable 140,000 Bonds payable 250,000 Common stock 172,800 Rotained earnings Total $640,400 2007 $ 33,400 37,000 102.650 107.000 205,000 (40.000) SAS,060 $ 48,280 18,830 70,000 200.000 107,940 $145,050 YAEGER COMPANY Income Statement For the Year Ended December 31, 2008 Sales Gain on sale of plant assets $297,500 5,000 302,500 Cost of goods sold Operating expenses, cluding deprecintion expense * Depreciation expense Income taxes Interest expense Net income $99,460 1487650,171) -25.500 27,270 179,840 $122,660 2940 Additional information: 1. New plant assets costing $141,000 were purchased for cash during the year. 2 Investments were sold at cost. 3. Plant assets costing $36,000 were sold for $15,000, resulting in thirrot 4. A cash dividend of 1,000 was declared and paid during the year. Instructions Prepare a statement of cash flows using the Indirect method. P14-108 Data for Yeager Company are presented in P14-9. Further analysis reveal that counts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows for Yuoger Company using the direct method. Cash from operations 5110,800 Prepare a statement of ouh flows-direct method (SO 6) Cash from operations $110.800