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Consider the following comparative balance sheets for the Midland Manufacturing Corporation. Midland Manufacturing Corporation Comparative Balance Sheets (in Millions of Dollars)* December 31, December 31,
Consider the following comparative balance sheets for the Midland Manufacturing Corporation.
Prepare a statement of cash flows (using the indirect method) for the Midland Manufacturing Corporation for the year ending December Year 2, based on the comparative balance sheets shown above. Use minus sign to indicate cash outflows. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place.
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