Completethe homework assignment using theExcel.Ensure your work is organized, properly labeled, and highlight your final answer. Written responses must adhere to APA format. Please refer to the attachment which includes all the questions that are listed here with the pictures. Sorry when pasting questions w/ pictures do not come out properly which is why there is an attachment.

P 10-1 The following material relates to Darrow Company:

Required Place an X in the appropriate columns for each of the situations.

P 10-3 BBB Company's balance sheet and income statement follow:

BBB COMPANY
Income Statement
For Year Ended December 31, 2011
Sales		$38,000
Operating expenses:
Depreciation expense	$ 2,800
Other operating expenses	35,000	37,800
Operating income		200
Gain on sale of land		800
Income before tax expense		1,000
Tax expense		500
Net income		$ 500

Supplemental information:
Dividends declared and paid		$ 4,350
Land sold for cash		1,800
Equipment purchased for cash		3,500
Common stock sold for cash		3,800

Required

a. Prepare a statement of cash flows for the year ended December 31, 2011. (Present the cash flows from operations using the indirect method.)

b. Comment on the statement of cash flows.

P 10-4 The income statement and other selected data for Frish Company follow:

FRISH COMPANY
Income Statement
For Year Ended December 31, 2011
Net sales	$640,000
Expenses:
Cost of goods sold	360,000
Selling and administrative expense	43,000
Other expense	2,000
Total expenses	405,000
Income before income tax	235,000
Income tax	92,000
Net income	$143,000
Other data:
a. Cost of goods sold, including depreciation expense of $15,000
b. Selling and administrative expense, including depreciation expense of $5,000
c. Other expense, representing amortization of patent, $3,000, and amortization of bond premium, $1,000
d. Increase in accounts receivable	$ 27,000
e. Increase in accounts payable	15,000
f. Increase in inventories	35,000
g. Decrease in prepaid expenses	1,000
h. Increase in accrued liabilities	3,000
i. Decrease in income taxes payable	10,000

Required

a. Prepare a schedule of change from accrual basis to cash basis income statement.

b. Using the schedule of change from accrual basis to cash basis income statement computed in (a), present the cash provided by operations, using (1) the direct approach and (2) the indirect approach.

P 101 The following material relates to Darrow Company: Required Place an X in the appropriate columns for each of the situations. P 103 BBB Company's balance sheet and income statement follow: BBB COMPANY Income Statement For Year Ended December 31, 2011 Sales Operating expenses: Depreciation expense Other operating expenses Operating income $ 2,800 35,000 $38,000 37,800 200 Gain on sale of land Income before tax expense Tax expense Net income 800 1,000 500 $ 500 Supplemental information: Dividends declared and paid $ 4,350 Land sold for cash 1,800 Equipment purchased for cash 3,500 Common stock sold for cash 3,800 Required a. Prepare a statement of cash flows for the year ended December 31, 2011. (Present the cash flows from operations using the indirect method.) b. Comment on the statement of cash flows. P 10-4 The income statement and other selected data for Frish Company follow: FRISH COMPANY Income Statement For Year Ended December 31, 2011 $640,00 Net sales 0 Expenses: Cost of goods sold 360,000 Selling and administrative expense 43,000 Other expense 2,000 Total expenses 405,000 Income before income tax 235,000 Income tax 92,000 $143,00 Net income 0 Other data: a. Cost of goods sold, including depreciation expense of 7 $15,000 b. Selling and administrative expense, including depreciation expense of $5,000 c. Other expense, representing amortization of patent, $3,000, and amortization of bond premium, $1,000 d. Increase in accounts receivable $ 27,000 e. Increase in accounts payable 15,000 f. Increase in inventories 35,000 g. Decrease in prepaid expenses 1,000 h. Increase in accrued liabilities 3,000 i. Decrease in income taxes payable 10,000 Required a. Prepare a schedule of change from accrual basis to cash basis income statement. b. Using the schedule of change from accrual basis to cash basis income statement computed in (a), present the cash provided by operations, using (1) the direct approach and (2) the indirect approach