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help please chief accountant for Julius Co provides you w and comparative balance sheets below. The accountant of the company's 2018 statement of cash flows
help please
chief accountant for Julius Co provides you w and comparative balance sheets below. The accountant of the company's 2018 statement of cash flows income help in preparing 2018 Income Statement (S in thousands) Sales revenue Depreciation expense $5.000 Selling & administrative expenses Income before taxes 280 3.720 Income tax expense Net income 1,000 300 $700 Balance Sheet (all S in thousands) Cash Accounts receivable Property. plant & equipment Less: Accumulated depreciation 12/31/2018 12/31/2017 $750 $800 365 1.450 450 1,900 800 $2,350 201 $2.045 Accrued liabilities for selling & administration expenses 00 Income taxes payable Common stock 325 130 700 180 700 1.170 $2.350 890 $2.045 Retained earnings Required: Prepare the statement of cash flows for Julius Co., using the indirect method for the operating section (CFO). Note that no Property, Plant, and Equipment was sold during the year
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