Here are the instructions. I need help with writing a statement of Cash Flows:
MIKDS INC. Statement of Earnings For the Year Ended December 31, 2010 Sales $ 852,000 Cost of sales 5 434,000 Amortization expenseintangible assets 4,400 Depreciation expenseproperty, plant, and equipment 33,400 Operating expenses 225,000 Interest expense 12,400 2'0 0,200 Earnings before income taxes 152,000 Income tax expense 45,040 Net earnings iii 105,050 Additional information is as follows: a. Land was sold for cash at its carrying amount. 1). The shortterm investments will mature in Fetharv 2010. o. ash dividends were declared and paid in 2013. d. New equipment with a cost of $156,400 was purchased for cash, and old equipment was sold at its carrying amount. e. Longterm notes of $12,000 were paid in cash, and notes of $32,000 were converted to shares. O Q, G) ertcmhedu-caticn.cam;hm.tpx?_=.5395092352T3133_1523233[1935[1 equl : 1. Prepare a statement of cash aws fur Mikes Inc. far the year ended December 31, 2013 by using the ind'rect methad. [Negative answers should be indicated by a minus sign.} Adjustments ta recancile net earnings to net cash provided by nperating activities: Net cash ow from eperatlng actlvrtles Cash ows from investing activities: I Net cash ow used for investing activities I Cash ows from nancing activities: I Net cash ow from nancin: activities I \fThe comparative statements of nancial position of Mikes Inc. as at December 31, 201]Ir and 2015, and its statement of earnings for the year ended December 31, 2015, are presented below: MIKDS INC. Cowamye Statements of Financial Position December 31 201 5 201? Assets Cash 5 0,400 5 1?,40 0 S h artterm investments 51,500 25,20 0 Accounts receivable T0,000 2T,50 0 lmre nto ries, at cost 54,500 40,40 0 Prepaid expenses 4,400 5,50 0 Land 45,500 22,00 0 Property, plant, and equ hment, net 251,500 151,000 Intangible assets 24,400 25,50 0 $ 543,000 $355,200 Liabilities and Shareholders Equity Accounts payable 5 1?,400 5 40,500 Income tax payable 5,500 1,400 Accrued liabilities 10,400 -0- Long-tenn notes payable 114,000 155,00 0 Contrimted capital 205,000 52,00 0 Retained earnings 155,400 137,000 5 543,000 $355,200