Ex 3 The Weller Accounting Department has put together the following Financial Statements but no one knows how to do the Statement of Cash Flows. So they have come to you. Please help them by preparing a Statement of Cash Flows for Weller Company, using the Indirect Method. Sales Cost of Merchandise Sold Gross Profit Operating Expenses (excluding depr.) Depreciation Expenses Income from Operations Other Rev. (Gains) & Exp. (Losses) Loss on Sale of Equipment WELLER COMPANY Income Statement for the year ending December 31, 20X8 Interest Expense Income before Income Taxes Income Tax Expense Ner Income Assets Liabilities Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Property, Plant, and Equipment Accumulated Depreciation Total Accounts Payable Income Taxes Payable Bonds Payable Equity Common Stock Retained Earnings Total $ 111,000 9.000 $ WELLER COMPANY Comparative Balance Sheet December 31, 20X8 3,000 42,000 $507,000 150,000 $ 357,000 120,000 $ 237,000 (45,000) $ 192,000 47,000 $ 145,000 20X8 $ 55,000 $ 20,000 15,000 5,000 317,000 (14,000) $398,000 $ $28,000 $ 6,000 130,000 20X7 33,000 30,000 10,000 1,000 70,000 (6,000) 138,000 12,000 8,000 20,000 70,000 50,000 164,000 48,000 $398,000 $ 138,000 Additional data: 1. All Sales and purchases of Merchandise Inventory are on account. 2. During the year equipment was sold for $4,000 in Cash. This equipment cost $8,000 originally and had a book value of $7,000 at the time of the sale. 3. Cash Dividends declared and paid, $29,000. 4. Issued $110,000 of Long-Term Bonds in direct exchange for land. 5. Property, Plant, & Equipt. was purchased for $145,000 Cash. 6. The Common Stock was issed for cash. Instructions: a) Prepare a Statement of Cash Flows using the indirect method. Don't forget "Schedule of Non-Cash Investing and Financing Activities". b) Calculate the Free Cash c) Comment on the Free Cash

Ex 3 The Weller Accounting Department has put together the following Financial Statements but no one knows how to do the Statement of Cash Flows. So they have come to you. Please help them by preparing a Statement of Cash Flows for Weller Company, using the indirect Mothod: WELLER COMPANY Additional data: 1. All Sales and purchases of Merchandse imventory are on account. 2. During the year equipment was sold for $4,000 in Cash. This equipment cost $8,000 originaly and had a book value of $7,000 at the time of the sale. 3. Cash Devidends declared and paid, $29.000. 4. issued $110,000 of Long-Term Bonds in direct exchange for land. 5. Property, Plant, \& Equipt. was purchased for $145,000 Cash. 6. The Common Stock was issed for cash, Instructions: a) Prepare a Statement of Cash Flows using the indirect method. Don't forget "Schedule of Non-Cash investing and Financing Activities": b) Calculate the Free Cash c) Comment on the Free Cash Ex 3 The Weller Accounting Department has put together the following Financial Statements but no one knows how to do the Statement of Cash Flows. So they have come to you. Please help them by preparing a Statement of Cash Flows for Weller Company, using the indirect Mothod: WELLER COMPANY Additional data: 1. All Sales and purchases of Merchandse imventory are on account. 2. During the year equipment was sold for $4,000 in Cash. This equipment cost $8,000 originaly and had a book value of $7,000 at the time of the sale. 3. Cash Devidends declared and paid, $29.000. 4. issued $110,000 of Long-Term Bonds in direct exchange for land. 5. Property, Plant, \& Equipt. was purchased for $145,000 Cash. 6. The Common Stock was issed for cash, Instructions: a) Prepare a Statement of Cash Flows using the indirect method. Don't forget "Schedule of Non-Cash investing and Financing Activities": b) Calculate the Free Cash c) Comment on the Free Cash