ECO BUILD INC. Comparative Balance Sheets June 3e, 2019 and 2018 2819 2018 $113,700 70,000 71,000 4,800 259,500 144,000 (36,000) $367,500 $ 75,000 55,000 98,000 6,000 234,000 133,000 (12,000) $355,000 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $ 34,000 6,000 4,500 44,500 45,000 89,500 $ 42,000 16,000 5,000 63,000 90,000 153,000 220,000 58,000 $367,500 160,000 42,000 $355,600 ECO BUILD INC. Income Statement For Year Ended: June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $65,000 Other expenses 23.ece Total operating expenses $757, eee 463,00 294, eee 138,000 156.eee other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 2,789 158,700 48.580 $110, 128 Requirement General Journal General Ledger Trial Balance Direct Method Indirect Method Prepare the Statement of Cash flows for the year ended June 30, 2019 using the Direct account on the General Ledger tab to identify the sources and uses of cash. List ca values. Unadjusted ECO BUILD INC Statement of Cash Flows (Direct Method) For Year Ended June 30, 2019 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Pre Requirement General Joumal General Ledger Trial Balance Direct Method Indirect Method Prepare the operating activities section of the statement of cash flows using the indirect method. Ente reductions to net cash provided by operating activities as negative values. Unadjusted ECO BUILD ING. Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: