Hello, can someone please help me. I'm new to accounting and i'm having lots of trouble with these questions. Please, if you know help me
PA12 - 3 Preparing a Statement of Cash Flows ( Indirect Method ) [ LO2, LO3 , LOA , LOS ] *5 Supply Company' is developing its annual financial statements at December 31 , 20417. The statements are complete except for the statement of cash flows . The completed comparative balance Sheets and income Statement are Summarized . 2017 2015 Balance Sheet at OCCarber 3 1 Cash \\DOT ' TE HEcounts ACCEL VELLE Merchandise Inventory* $2 , 100 FICPETTY and EquiREEnt 125 . 950 1 10 . 60S Legs ! Accumulated Depreciation 135 , 450!) $7 , 5091 $ 125 , 200 $ 158 , 10.0 Accounts Forable $ 6 . 500 $1, 200 HATES Fajable 1 . 170 1 , $50 Hate Payable , Long - TERM 37 . 4010 * E , 200 Contributed Capital BE , 150 Retained Earnings 24, 450 $ 125 , 200 $ 148 , 10.0 INCOME Statement For 2017 Sales 151 . 500 Cost Of Goods Sold Other EXPENSES $2 , 100 Net INCOME 5 1 1 , 130 Additional Data` & . Bought Equipment for cash , $15. 750 6. Paid $10. 300 on the long-term note payable { . Issued new shares for $ 23. 250 cash . `. No dividends were declared or paid. {. Other expenses included depreciation. $ 7. 950. wages, $27.090; taxes . Stood; other, $ 10. 35.0 1. Accounts Payable includes only inventor, purchases made on credit . BECAUSE there are no liability' accounts relating to taxes or Other EXPENSES , assume that these EXPENSES were fully, paid in cash .Required :` 1. Prepare the statement of cash flows for the year Ended December 31, 2017, using the indirect method . (Amounts to be deducted should be indicated by a minus sign . ] XS SUPPLY COMPANY Statement of Cash Flows For the Year Ended December 31 , 2017 Cash flows from operating activities :" Adjustments to reconcile net income to net cash provided by operating activities :` Cash flows from investing activities : Cash flows from financing activities : Net increase in cash during the year Cash balance , January 1 , 2017 Cash balance , December 31 , 2017