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I am stuck and cannot figure this out. Could someone help me. I need it for the direct and indirect methods for statement of cash
I am stuck and cannot figure this out. Could someone help me. I need it for the direct and indirect methods for statement of cash flows
N - Shift N Due: October 14, 2019 SCF Company had the following balance sheet data for 2018 and 2019: Cash Accounts Receivable Merchandise Machinery Accumulated Depreciation Long-Lerm Investments Total Assets 12/31/20199 S 23.000 26,000 38,000 34,000 (23.000) 28.000 $126.000 12/31/2019 $ 36,000 35.000 32,000 38,000 (24,000) 26,000 $143.000 S 24,000 4,000 Accounts Payable Experises Payable Note Payable Common Stock Relained Earnings Total Liabs and Equities $18.000 6.000 30,000 34,000 38.000 $126,000 28.000 38.000 49.000 $143.000 The Income Statement data, for the year ended December 31, 2019, is as follows: Sales Cost of Goods Sold Gross Profit General Expenses Depreciation Expense Net Income $ 138.000 (94.000) 44,000 (22.000) (1,000) $ 21,000 Additional information: Cash dividends were declared and distributed, long-term investments were sold at book value. The note payable did not result from a trade inventory) transaction Prepare a statement of Cash FlowsStep by Step Solution
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