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I need help to prepare statements of cash flow by using indirect method Following are the nancial statements of Winwin company: Win-win Company Statements of

I need help to prepare statements of cash flow by using indirect method

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Following are the nancial statements of Winwin company: Win-win Company Statements of Financial Position December 31, 2015 and 2014 Assets: Current assets Cash Account receivables Merchandise inventory Prepaid expenses Total current assets Noncurrent assets Property, plant and equipment Accumulated depreciation Total Assets Liabilities: Current liabilities Account payable Interest payable Income tax payable Total current liabilities Long term notes payable Total Liabilities Equity: Share capitalOrdinary, nopar value Retained earnings Total Equity Total Liabilities and Equity 2015 17 ,000 60 ,000 84 ,000 6 ,000 167 ,000 250,000 (60,000) 357,000 35 ,000 3 ,000 22 ,000 60 ,000 90 ,000 150 ,000 95 ,000 1 12 ,000 207 ,000 357 ,000 2014 12 ,000 40 ,000 70 ,000 4 ,000 1 26 ,000 210,000 (48,000) 288,000 40 ,000 4 ,000 12 ,000 56 ,000 64 ,000 1 20 ,000 80 ,000 8 8 ,000 1 68 ,000 28 8 ,000 Win-win Company Income Statement For Year Ended December 31, 2015 Sales 590,000 Cost of goods sold (300,000) Gross prot 290,000 Wages and other operating expenses (216,000) Depreciation expense (24,000) Loss on sale of property, plant and equipment (6,000) (246,000) Operating profit 44,000 Dividend income on nancial assets 16,000 Interest expense (7,000) Profit before tax 53 ,000 Income tax expense (15,000) Net prot 38,000 Additional information: a. The accounts payable balances result from merchandise inventory purchases. b. Purchased $70,000 in property, plant and equipment by paying $10,000 cash and issuing $60,000 of notes payable. c. Sold property, plant and equipment with an original cost of $30,000 and accumulated depreciation of $12,000 for $12,000 cash, yielding a $6,000 loss. d. Received $15,000 cash from issuing 3,000 nopar ordinary shares. e. Paid $34,000 cash to retire notes with a $34,000 carrying amount. f. Declared and paid cash dividends of $14,000. g. Received all its dividend income on nancial assets in cash of $16,000. Required: Statements of cash flows by using indirect method

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