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Help me create a statement of cash flow please Text Box Shape Waterways for Chapter 13 (WCP137e) Fall Semester Waterways prepared the balance sheet and
Help me create a statement of cash flow please
Text Box Shape Waterways for Chapter 13 (WCP137e) Fall Semester Waterways prepared the balance sheet and income statement for the irrigation installation division for this year. Now the company needs to prepare a cash flow statement for the same division. The comparative balance sheets for Waterways Corporation's Irrigation Installation Division for this year and last year and the income statement for this year are presented below. (Note: Work in Process is a current asset and should be treated as any other current asset.) Additional information: 1. Waterways sold a piece of company equipment for $24,000. The equipment had been used for ten years. It had cost $80,000 when purchases and had a 10-years life and a $6,000 salvage value. Straight-line depreciation was used. 2. Waterways purchased new equipment costing $209.200. 3. The division paid $50,000 in dividends. Waterways Corporation - Installation Division Income Statement For the year ending December 31 Sales Less: Cost of goods sold Gross Profit $5,536,077 3.132.77z 2.403.300 150% Step by Step Solution
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