Homework - CH 15 Spring 2021 Seved 5 Comparative financial statement data for Carmono Company follow This Year Last Year 2 DOTE $ 25.00 61.00 102.60 Assets Cash Accounts receivable Tnventory Total current assett Property, plantand equipment Less accumulated depreciation Het property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Con stock Retained earnings Total abilities and stockholders equity $12.00 60.00 115.00 195.10 258.00 52.0 285.20 $400.20 Book 212.00 19.co 12.00 5359.00 $69.00 254,00 177:20 $400.20 5 55.00 11.00 180.00 5.359.00 Pin For this year the company reported net income as follows Beferences Sales Cost of goods sold Gross margin Selling and administrative expenses Net Income $1,300.00 260.00 520.00 500.00 1 This year Comono declared and paid a cash dividend There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year Required: 1. Using the Indirect method prepare a statement of cash flows for this year 2. Compute Carmono's free cash flow for this year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Homework -CH 15 - Spring 2021 Savad 5 1. Using the indirect method, prepare a statement of cash flows for this year 2. Compute Carmono's free cash flow for this year Complete this question by entering your answers in the tabs below. 2 points Required 1 Required 2 et ook Using the indirect method, prepare a statement of cash flows for this year. (ust any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places) Hint Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities References Investing activities Financing activities Beginning cash and cash equivalents Ending cash and cash equivalents Sad Homework- CH 15 - Spring 2021 5 Retained earnings Total abilities and stockholders' equity 177.20 $400.20 116.00 5359.00 For this year the company reported net income as follows: 2 pot Sales Cost of goods sold Gross waren Selling and administrative senses Net Income 51,300.00 200.00 520.00 500.00 eBook Pin This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year Required: 1 Using the indirect method, prepare a statement of cash flows for this year. 2 compute Carmono's free cash flow for this year. rences Complete this question by entering your answers in the tabs below. Required: Required Compute Carmono's free can now for this year (Negative amount should be indicated by a minus sign. Round your Intermediate calculations and final answer to 2 decimal places)