Excercise $-$ Unit $6$

Use the information below to prepare a statement of cash flows using the indirect method.

Excercise - Unit 6 Use the information below to prepare a statement of cash flows using the indirect method. Assets Cash Account receivables Inventory Prepaid expenses Land Buildings Reynolds Company Comparative Balance Sheets December 31 Accumulated depreciation buildings Equipment Accumulated depreciation - equipment Total Assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Total liabilities & stockholders' equity 2012 $ 54,000 68,000 54,000 4,000 45,000 200,000 (21,000) 193,000 (28.000) $ 23,000 10,000 110,000 220,000 206.000 2011 $ 37,000 26,000 0 6,000 70,000 200,000 (11,000) 68,000 (10,000) $ 40,000 o 150,000 60,000 137.00Q Change in account Balance Increase/ decrease $17,000 increase 42,000 increase 54,000 increase 2,000 decrease 25,000 decrease 10,000 increase 125,000 increase 18,000 increase $ 17,000 decrease 10,000 increase 40,000 decrease 160,000 increase 70,000 increase