Complete the worksheet and prepare a statement of cash flows using the Indirect Method

4. 5 ENDING BALANCE BEGINNING BALANCE COMPUTED DIFFERENCE 6 CASH INVESTING CASH FINANCING A R 9 10 71 12 14 15 16 19 CASH DESCRIPTION OPERATIONS BEGINNING BALANCE NET INCOME STOCK DIVIDEND DECLARED CASH DIVIDEND DECLARED CASH DIVIDEND PAID PROCEEDS FROM SALE OF PLANT AND EQUIPMENT BAD DEBT EXPENSE BAD DEBT WRITEOFF PURCHASE OF PLANT AND EQUIPMENT DEPRECIATION EXPENSE INCREASE IN ACCOUNTS RECEIVABLE AVAIALBLE FOR SALE INVESTMENTS DECREASE IN INVENTORY DECREASE IN PREPAID EXPENSES PURCHASE OF LONG TERM INVESTMENTS PURCHASE OF MICRO INVESTING PURCHASE OF INTANGIBLE ASSETS DECREASE IN ACCOUNTS PAYABLE DECREASE IN INTEREST PAYABLE DECREASE IN INCOME TAX PAYABLE INCREASE IN UNEARNED INCOME PAYMENT OF LONG TERM DEBT 20 21 22 za 24 25 26 27 28 29 30 31 32 33 34 35 30 39 DEDUCT 41 INCOME STATEMEN ADD SALES 38,730,000.00 GAIN ON SALE FROM AVAILABLE FOR SALE INVESTI 60,000.00 GAIN ON SALE OF PROPERTY PLANT AND EQUIPME 250,000.00 OPERATIONS 38,730,000.00 60,000.00 250,000.00 23 45 16 47 43 COST OF GOODS SOLD INTEREST EXPENSE AMORTIZATION EXPENSE BAD DEBT EXPENSE SELLING AND ADMIN EXP DEPRECIATION EXPENSE INCOME TAX EXPENSE NET INCOME (23,200,000.00) (370,000.00) (112,000.00) (185,000.00) (7,900,000.00) (940,000.00) (2,800,000.00) 3,533,000.00 (23,200,000.00) (370,000.00) (112,000.00 (185,000.00) (7,900,000.00) (940,000.00 (2,800,000.00) 3,533,000.00 09 50 51 54 55 SCHEDULE OF CHANGES IN RETAINED EARNINGS BEGINNING RETAINED EARNINGS NET INCOME STOCK DIVIDEND DECLARED CASH DIVIDEND DECLARED (2,200,000.00) (3,533,000.00) 1,885,000.00 398,000.00 57 58 59 60 ENDING RETAINED EARNINGS (3,450,000.00) 51 900,000.00 PROPERTY PLANT AND EQUIPMENT WAS SOLD FOR COST OF FIXED ASSET SOLD ACCUMULATED DEPRECIATION GAIN ON SALE OF FIXED ASSET 1,070,000.00 (420,000.00) 54 650,000.00 250,000.00 66 57 PURCHASES OF PROPERTY PLANT AND EQUIPMENT 2,220,000.00 68 69 PURCHASE OF INTANGIBLE ASSET 186,000.00 70 71 PROCEEDS FROM SALE OF INVESTMENTS COST OF AVAILABLEE FOR SALE SECURITIES GAIN ON SALE OF AVAILABLE FOR SALE SECURITIES 85,000.00 (25,000.00) 60,000.00 73 74 75 ACCOUNTS RECEIVABLE WRITTEN OFF 94,000.00 77 CASH PAID FOR LONG TERM INVESTMENTS 45,000.00 78 79 CASH PAID FOR MICRO INC INVESTMENT 280,000.00 30 31 CASH DIVIDEND PAID 253,000.00 33 COMPLETE THE WORKSHEET AND PREPARE A STATEMENT OF CASH FLOWS USING THE INDIRECT METHOD 34 85 4 280,000.00 5 804,000.00 728,000.00 76,000.00 (110,000.00) (92,000.00) (18,000.00) 80,000.00 1,587,000.00 26,000.00 245,000.00 105,000.00 2,134,000.00 43,000.00 200,000.00 (25,000.00) (547,000.00) (17,000.00) 45,000.00 9,400,000.00 (3,300,000.00) 8,250,000.00 (2,780,000.00) 1,150,000.00 (520,000.00) - 904 830 74 6 280,000.00 7 8 9 ACCOUNTS ALLOWANCE AFS PREPAID LONG TERN PROPERTY ACCUM INVESTMENT RECEIVABL FOR DBT ACC INVESTMENTS INVENTORY EXPENSES INVESTMEN PLANT SEQUI DEPREC MICRO INC INTAI 728,000.00 (92,000.00) 105,000.00 2,134,000.00 43,000.00 200,000.00 8,250,000.00 (2,780,000.00) 830 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 29 30 31 32 33 34 35 36 37 38 2 3 4 10.00 5 904,000.00 (360,000.00) (75,000.00) 830,000.00 (490,000.00) (110,000.00) 74,000.00 130,000.00 35,000.00 (54,000.00) (1,820,000.00) (270,000.00 (2,995,000.00 (5,335,000.00 (3,450,000.00 (36,000.00 (1,480,000.00) (125,000.00) (4,657,000.00 (3,450,000.00 (2,200,000.00 (18,000.00) (340,000.00) (145,000.00) 1,662,000.00 (1,885,000.00) (1,250,000.00) 6 00.00 7 8 MENT ACCOUNTS INTEREST INCOME UNERANED DIVIDEND LONG TERM COMMMON RETAINED 9 INC INTANGIBLES PAYABLE PAYABLE TAX PAYABLE INCOME PAYALBE DEBT STOCK EARNINGS 830,000.00 (490,000.00) (110,000.00) (36,000.00 (1,480,000.00) (125,000.00 (4,657,000.00 (3,450,000.00 (2,200,000.00 10 - 11 12 13 14 15 16 17 19 19 25 21 22 23 24 25 27 20 29 30 31 32 33 34 35 36 37 38 ) (1,820,000.00) (270,000.00) (2,995,000.00) (5,335,000.00) (3,450,000.00) (4,443,000.00) ) (1,480,000.00) (125,000.00) (4,657,000.00) (3,450,000.00) (2,200,000.00) (3,130,000.00) ) (340,000.00) (145,000.00) 1,662,000.00 (1,885,000.00) (1,250,000.00) (1,313,000.00) UNERANED DIVIDEND LONG TERM COMMMON RETAINED LINCOME PAYALBE DEBT STOCK EARNINGS ) (1,480,000.00) (125,000.00) (4,657,000.00) (3,450,000.00) (2,200,000.00) (3,130,000.00) 4. 5 ENDING BALANCE BEGINNING BALANCE COMPUTED DIFFERENCE 6 CASH INVESTING CASH FINANCING A R 9 10 71 12 14 15 16 19 CASH DESCRIPTION OPERATIONS BEGINNING BALANCE NET INCOME STOCK DIVIDEND DECLARED CASH DIVIDEND DECLARED CASH DIVIDEND PAID PROCEEDS FROM SALE OF PLANT AND EQUIPMENT BAD DEBT EXPENSE BAD DEBT WRITEOFF PURCHASE OF PLANT AND EQUIPMENT DEPRECIATION EXPENSE INCREASE IN ACCOUNTS RECEIVABLE AVAIALBLE FOR SALE INVESTMENTS DECREASE IN INVENTORY DECREASE IN PREPAID EXPENSES PURCHASE OF LONG TERM INVESTMENTS PURCHASE OF MICRO INVESTING PURCHASE OF INTANGIBLE ASSETS DECREASE IN ACCOUNTS PAYABLE DECREASE IN INTEREST PAYABLE DECREASE IN INCOME TAX PAYABLE INCREASE IN UNEARNED INCOME PAYMENT OF LONG TERM DEBT 20 21 22 za 24 25 26 27 28 29 30 31 32 33 34 35 30 39 DEDUCT 41 INCOME STATEMEN ADD SALES 38,730,000.00 GAIN ON SALE FROM AVAILABLE FOR SALE INVESTI 60,000.00 GAIN ON SALE OF PROPERTY PLANT AND EQUIPME 250,000.00 OPERATIONS 38,730,000.00 60,000.00 250,000.00 23 45 16 47 43 COST OF GOODS SOLD INTEREST EXPENSE AMORTIZATION EXPENSE BAD DEBT EXPENSE SELLING AND ADMIN EXP DEPRECIATION EXPENSE INCOME TAX EXPENSE NET INCOME (23,200,000.00) (370,000.00) (112,000.00) (185,000.00) (7,900,000.00) (940,000.00) (2,800,000.00) 3,533,000.00 (23,200,000.00) (370,000.00) (112,000.00 (185,000.00) (7,900,000.00) (940,000.00 (2,800,000.00) 3,533,000.00 09 50 51 54 55 SCHEDULE OF CHANGES IN RETAINED EARNINGS BEGINNING RETAINED EARNINGS NET INCOME STOCK DIVIDEND DECLARED CASH DIVIDEND DECLARED (2,200,000.00) (3,533,000.00) 1,885,000.00 398,000.00 57 58 59 60 ENDING RETAINED EARNINGS (3,450,000.00) 51 900,000.00 PROPERTY PLANT AND EQUIPMENT WAS SOLD FOR COST OF FIXED ASSET SOLD ACCUMULATED DEPRECIATION GAIN ON SALE OF FIXED ASSET 1,070,000.00 (420,000.00) 54 650,000.00 250,000.00 66 57 PURCHASES OF PROPERTY PLANT AND EQUIPMENT 2,220,000.00 68 69 PURCHASE OF INTANGIBLE ASSET 186,000.00 70 71 PROCEEDS FROM SALE OF INVESTMENTS COST OF AVAILABLEE FOR SALE SECURITIES GAIN ON SALE OF AVAILABLE FOR SALE SECURITIES 85,000.00 (25,000.00) 60,000.00 73 74 75 ACCOUNTS RECEIVABLE WRITTEN OFF 94,000.00 77 CASH PAID FOR LONG TERM INVESTMENTS 45,000.00 78 79 CASH PAID FOR MICRO INC INVESTMENT 280,000.00 30 31 CASH DIVIDEND PAID 253,000.00 33 COMPLETE THE WORKSHEET AND PREPARE A STATEMENT OF CASH FLOWS USING THE INDIRECT METHOD 34 85 4 280,000.00 5 804,000.00 728,000.00 76,000.00 (110,000.00) (92,000.00) (18,000.00) 80,000.00 1,587,000.00 26,000.00 245,000.00 105,000.00 2,134,000.00 43,000.00 200,000.00 (25,000.00) (547,000.00) (17,000.00) 45,000.00 9,400,000.00 (3,300,000.00) 8,250,000.00 (2,780,000.00) 1,150,000.00 (520,000.00) - 904 830 74 6 280,000.00 7 8 9 ACCOUNTS ALLOWANCE AFS PREPAID LONG TERN PROPERTY ACCUM INVESTMENT RECEIVABL FOR DBT ACC INVESTMENTS INVENTORY EXPENSES INVESTMEN PLANT SEQUI DEPREC MICRO INC INTAI 728,000.00 (92,000.00) 105,000.00 2,134,000.00 43,000.00 200,000.00 8,250,000.00 (2,780,000.00) 830 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 29 30 31 32 33 34 35 36 37 38 2 3 4 10.00 5 904,000.00 (360,000.00) (75,000.00) 830,000.00 (490,000.00) (110,000.00) 74,000.00 130,000.00 35,000.00 (54,000.00) (1,820,000.00) (270,000.00 (2,995,000.00 (5,335,000.00 (3,450,000.00 (36,000.00 (1,480,000.00) (125,000.00) (4,657,000.00 (3,450,000.00 (2,200,000.00 (18,000.00) (340,000.00) (145,000.00) 1,662,000.00 (1,885,000.00) (1,250,000.00) 6 00.00 7 8 MENT ACCOUNTS INTEREST INCOME UNERANED DIVIDEND LONG TERM COMMMON RETAINED 9 INC INTANGIBLES PAYABLE PAYABLE TAX PAYABLE INCOME PAYALBE DEBT STOCK EARNINGS 830,000.00 (490,000.00) (110,000.00) (36,000.00 (1,480,000.00) (125,000.00 (4,657,000.00 (3,450,000.00 (2,200,000.00 10 - 11 12 13 14 15 16 17 19 19 25 21 22 23 24 25 27 20 29 30 31 32 33 34 35 36 37 38 ) (1,820,000.00) (270,000.00) (2,995,000.00) (5,335,000.00) (3,450,000.00) (4,443,000.00) ) (1,480,000.00) (125,000.00) (4,657,000.00) (3,450,000.00) (2,200,000.00) (3,130,000.00) ) (340,000.00) (145,000.00) 1,662,000.00 (1,885,000.00) (1,250,000.00) (1,313,000.00) UNERANED DIVIDEND LONG TERM COMMMON RETAINED LINCOME PAYALBE DEBT STOCK EARNINGS ) (1,480,000.00) (125,000.00) (4,657,000.00) (3,450,000.00) (2,200,000.00) (3,130,000.00)