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i need to do the direct method and indirect method for statement of cash flows. please show calucalations as much as possible Question 6 (1

image text in transcribedi need to do the direct method and indirect method for statement of cash flows. please show calucalations as much as possible
Question 6 (1 point) River Cruises Supply Company Comparative Balance Sheet June 30, 2017 and 2018 River Cruises Supply Company Income Statement For the year Ended June 30, 2018 2018 2017 Assets Cash $ 321,700 $336,700 Accounts receivable, net 283,400 273,700 Rent receivable 3,000 Inventory 520,900 491,400 Prepaid expenses 4,600 5,350 Investments 115,000 Equipment 700,000 339,650 Accumulated depreciation - equir (122,200) (100.200) Total assets $1.708.400 $1464,600 Liabilities and Equity Accounts payable $385,900 $ 374,200 Other expenses payable 31,700 3 5,400 Dividends payable 14 .400 22 Income taxes payable 20,000 3,200 Common stock, SS par value 20,000 16,000 Paid-in-capital in excess of par 1 208,000 1 96,000 Retained earnings 1,038,400 9 39,800 Total liabilities and stockholders' equ $ 1.708,400 $1,464,600 Increased Decrease Sales $ 2,990,000 Cost of goods sold 1,226,000 S (15,000||Gross margin 1,764,000 9,700 || Operating expenses: (3,000)|| Depreciation expense $ 22,000 29,500 | Other expenses 1,550,000 (750)| Total operating expenses $ 1,572,000 (115,000)||Income from operations 192,000 360,350 Other gains (losses) 22.000 I1 Loss on the sale of investments 2,000 I ncome before taxes 190,000 Income tax expense 45,640 $ S 11,700 | Net income 144,360 (3,700) 4 ,400 Assume all investing and fiancing changes resulted 16,800 from cash transactions 14,000 112,000 98,600 Complete the entire statement of cash flows, using the direct method

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