Hey guys, I need help for my Statement of Cash Flows for Indirect method, If anyone can help me, I really appreciate it. Thank you

I.The financial statements of Meenan Company appear below:

MEENAN COMPANY

Comparative Balance Sheet

December 31

20102009

Assets

Cash$38,000$23,000

Accounts receivable26,00034,000

Merchandise inventory30,00015,000

Property, plant, and equipment50,00078,000

Accumulated depreciation(20,000)(24,000)

Total$124,000$126,000

Liabilities and Stockholders' Equity

Accounts payable$17,000$23,000

Income taxes payable13,0008,000

Bonds payable7,00033,000

Common stock41,00024,000

Retained earnings46,00038,000

Total$124,000$126,000

MEENAN COMPANY

Income Statement

For the Year Ended December 31, 2010

Sales$400,000

Cost of goods sold280,000

Gross profit120,000

Operating expenses46,000

Income from operations74,000

Interest expense4,000

Income before income taxes70,000

Income tax expense21,000

Net income$49,000

The following additional data were provided:

1.During the year, equipment was sold for $15,000 cash. This equipment cost $28,000 originally and had a book value of $15,000 at the time of sale.

2.Depreciation expense of $9,000 is in the operating expenses.

Instructions

Prepare statement of cash flows for Meenan Company using the indirect method.

I. The financial statements of Meenan Company appear below: MEENAN COMPANY Comparative Balance Sheet December 31 2010 2009 $ 38,000 26,000 30,000 50,000 (20,000) $124,000 $ 23,000 34,000 15,000 78,000 (24,000) $126,000 $ 17,000 13,000 7,000 41,000 46,000 $124,000 $ 23,000 8,000 33,000 24,000 38,000 $126,000 Assets Cash Accounts receivable Merchandise inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total MEENAN COMPANY Income Statement For the Year Ended December 31, 2010 Sales Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $400,000 280,000 120,000 46,000 74,000 4,000 70,000 21,000 $ 49,000 The following additional data were provided: 1. During the year, equipment was sold for $15,000 cash. This equipment cost $28,000 originally and had a book value of $15,000 at the time of sale. 2. Depreciation expense of $9,000 is in the operating expenses. Instructions Prepare a statement of cash flows for Meenan Company using the indirect method. Page 1 of 1