I am having a hard time understanding this problem and how to do it. if possible when you solve this can you show the steps of how to get the numbers/where the numbers are coming from
P23-9 (L02,4) (Indirect SCF) Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. December 31 2017 38,500 12,250 12,000 Cash Accounts reccivable Inventory Equity investments Buildings Equipment Copyrights 2016 $13,000 10,000 10,000 3,000 29,750 20,000 5,250 $91,000 40,000 5,000 $107,750 Totals S 3,000 2,000 Allowance for doubtful accounts Accumulated depreciation equipment Accumulated depreciation buildings Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $ 4,500 4,500 6,000 4,000 5,000 4,000 25,000 33,000 5,000 $91,000 5,000 3,000 36,000 38,000 20,750 107,750 Additional data related to 2017 are as follows 1. Equipment that had cost $11,000 and was 30% depreciated at time of disposal was sold for $2,500 2. $5,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000 4. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $33,000 (net of $4,000 taxes). 5. Equity investments (ownership is less than 20% of total shares) were sold at $1,500 above their cost. No unrealized gains or losses were recorded in 2017 6. Cash and long-term note for $16,000 were given for the acquisition of equipment. 7. Interest of $2,000 and income taxes of $5,000 were paid in cash. P23-9 (L02,4) (Indirect SCF) Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. December 31 2017 38,500 12,250 12,000 Cash Accounts reccivable Inventory Equity investments Buildings Equipment Copyrights 2016 $13,000 10,000 10,000 3,000 29,750 20,000 5,250 $91,000 40,000 5,000 $107,750 Totals S 3,000 2,000 Allowance for doubtful accounts Accumulated depreciation equipment Accumulated depreciation buildings Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $ 4,500 4,500 6,000 4,000 5,000 4,000 25,000 33,000 5,000 $91,000 5,000 3,000 36,000 38,000 20,750 107,750 Additional data related to 2017 are as follows 1. Equipment that had cost $11,000 and was 30% depreciated at time of disposal was sold for $2,500 2. $5,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5,000 4. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $33,000 (net of $4,000 taxes). 5. Equity investments (ownership is less than 20% of total shares) were sold at $1,500 above their cost. No unrealized gains or losses were recorded in 2017 6. Cash and long-term note for $16,000 were given for the acquisition of equipment. 7. Interest of $2,000 and income taxes of $5,000 were paid in cash
