E16-24 (similar to)

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Rite WayRite Way

Exercise Equipment, Inc. reported the following financial statements for

20182018:

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(Click the icon to view additional information.)Prepare the company's statement of cash

flowslong dashindirect

methodlong dashfor

the year ended December 31,

20182018.

Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)

Complete the statement one section at a time, beginning with the cash flows from operating activities.

Rite Way Exercise Equipment, Inc.

Statement of Cash Flows

Year Ended December 31, 2018

Cash Flows from Operating Activities:

Net Income

Adjustments to Reconcile Net Income to Net Cash

Provided by (Used for) Operating Activities:

Depreciation Expense

Decrease in Salaries Payable

Net Cash Provided by (Used for) Operating Activities

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