Homework: Chapter 16 Calculator Print Item Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec 31, 2017 Assets Cash $30,000 $24,000 12.000 Accounts Receivable 10,000 Prepaid Assets 1,000 1,200 $41,200 Total Assets $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 33,000 35,000 Retained Earnings 6,500 200 Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Pald -500 Prepare the operating activities section of the statement of cash flows (Indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) women. Wir Calculator E Print Item Liabilities and Equity Accrued Uabilities 1,700 1,800 Common Stock 33,000 35,000 Retained Earnings 6,500 200 Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Pald -500 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Net Income 5,800 Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Accounts Receivable Prepaid Assets Accrued Liabilities Net Cash Flow from Operating Activities Homework: Chapter 16 Calculator Print Item Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $24,000 $30,000 10,000 Accounts Receivable 12,000 1,000 Prepaid Assets 1,200 Total Assets $41,200 $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 33,000 35,000 Retained Earnings 6,500 200 Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Paid -500 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Homework: Chapter 16 Calculator Print Item Liabilities and Equity 1,700 Accrued Liabilities Common Stock 1,800 35,000 33,000 6,500 200 Retained Earnings Total Liabilities and Equity $41,200 $37,000 Additional Information: Net Income $5,800 Dividends Paid -500 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities Accounts Receivable Prepaid Assets Accrued Liabilities Net Cash Flow from Operating Activities
