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Inventory Prepaid expenses Accounts payable Accrued expense payable 840,000 30.000 660.000 430,000 800,000 35.000 630,000 440,000 Complete the partial statement of cash flows for the

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Inventory Prepaid expenses Accounts payable Accrued expense payable 840,000 30.000 660.000 430,000 800,000 35.000 630,000 440,000 Complete the partial statement of cash flows for the year ended 31 December 2014, showing the computation of net cash from operating activities by the indirect method: Rutherford Corporation. Partial Statement of Cash Flows For the Year Ended 31 December 2014 Cash flows from operating activities (indirect method): Profit for the year $ Add: $ Subtotal $ Less: $ Section B: Computation question 1. Cash flows from operating activities-indirect method The data below are taken from the financial statements of the Rutherford Corporation: Income Statement: 2014 Net cash from operating activities $_ Profit for the year Depreciation expense Amortization of patent Gain on sale of equipment $840,000 170,000, 30,000 110,000 Statement of financial position: 31 Dec 2014 31 Dec 2013 Accounts receivable $710,000 S680,000

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