Chapter 12 Question #22 Thank you

Chapter 12 W xCChegg Study | Guided Sclutions C O Not secure tpx 0.50 points CP12-3 Preparing a Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-3, LO 12-4, LO 12-5] Hunter Company is developing its annual financial stetements at December 31, 2015. The statements are complete except tor the statement o cash tows he completed comparative balance sheets and income statement are summarnzed Balance Sheet at December 31 Cash Accounts Receivable Inventory Fquipment Accumulated Doprecaton Equipment S 52 030 33 300 6i 300 118,00 S 21,500 36,000 43 00D 09 00D (40,200 33,500) $200,130 176,000 2 Accounts Payable Salarics and Wags Payablk Nole Payabla (long-lorrn) Conmion Slock Retained Earnings 44.000 0.500 35,700 2550D 100D 55,000 67,000 27,500 $200,130 $176,000 Sales Revenue Cost of Goods Sold Other Expenses $107,000 61.500 29.800 Net Income $12 r Additonal Data a Bought eqaipment for cash, $9 T00 b. Paid S11,000 on the kng-lrm nte payabk . Issued rnew shares of stck for $23,500 cash d. Declared and paid a $4,500 cash dividend. e. Other expenses included depreciaton. S6 700; salaries nd wages. $10,700 taxes, $3 700; utilities. $8,700 Accounts payable includes anly inventory purchases made on credit Hecause there are no liablity arcounts relating to taxes or ather expenses, assme that these expenses were tully pad in cash O Type here to search :46 PM 12/3/2018 Chapter 12 W C Chegg Study | Guided Sclutions x+ x C Not secure l ezto.mneducation.com/hm.tpx 1. Prepare the staterment of cash flows for the year ended Decembe 31, 2015, using the indirect nethod (Amounts to be deducted should be indicated with a minus sign.) HUNTER COMPANY Statement of C8sh Flows For the Year Ended December 31, 2015 Cash Hlows from Operating Actvites Provided by Operating Activities Cash Flows from Investing Activties: Cash Hlows from Hinancing Actiities O Type here to search :46 PM 12/3/2018