Mail - S X W St. Loui X In Course x a Amazor X BL JBL Pul X & Uber vs X Look U X Ellucian X In Fall 202 x Course X Cengac X table_9 x . table_9 x MindTa x | Order s x C # v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false NO Chapter 12 eBook Calculator 1. Ex. 12.02 Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: 2. EX. 12.03.ALGO December 31 3. EX. 12.04 2017 2016 Cash $13,500 $16,900 4. EX. 12.05 Accounts receivable 33,800 25,300 Inventory 26,800 44,800 5. EX. 12.06.ALGO Prepaid rent 15,200 10,100 6. EX. 12.14.ALGO Land 126,600 126,600 Plant and equipment 675,000 506,300 7. EX. 12.17 Accumulated depreciation (109,700) (50,600) Totals $781,200 $679,400 8. EX. 12.18.ALGO Accounts payable $20,300 $16,900 9. PR. 12.01.ALGO Income taxes payable 5,100 8,400 Short-term notes payable 59,100 42,200 Bonds payable 127,000 169,000 Common stock 337,500 253,100 Retained earnings 232,200 189,800 Totals $781,200 $679,400 Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $59,100. Net income was reported at $42,400. Required: 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. Chrisman Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net income v Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense v Progress: 9/9 items Check My Work Previous Assignment Score: 70.48% All work saved. Email Instructor Save and Exit Submit Assignment for GradingMail - S X W St. Loui X In Course x a Amazor X BBL JBL Pul X & Uber vs X Look U X Ellucian X In Fall 202 x Course x Cengac X table_9 x table_9 x MindTa x | Order s x C A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false NO Chapter 12 eBook Calculator Bonds payable 127,000 169,000 1. Ex. 12.02 Common stock 337,500 253,100 Retained earnings 232,200 189,800 2. EX. 12.03.ALGO Totals $781,200 $679,400 3. EX. 12.04 Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $59,100. Net income was reported at 4. EX. 12.05 $42,400. Required: 5. EX. 12.06.ALGO 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. 6. EX. 12.14.ALGO Chrisman Company 7. EX. 12.17 Statement of Cash Flows For the Year Ended December 31, 2017 8. EX. 12.18.ALGO Cash Flows from Operating Activities Net income v 9. PR. 12.01.ALGO Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense v Increase in accounts receivable v Decrease in inventory v Increase in prepaid rent Increase in accounts payable v Decrease in income taxes payable v Net cash provided by operating activities v Cash Flows from Investing Activities Acquisition of plant and equipment v Cash Flows from Financing Activities Retirement of bonds payable v Issuance of short-term notes payable v Issuance of common stock v Net cash provided by financing activities 1000 0 Progress: 9/9 items Check My Work Previous Assignment Score: 70.48% All work saved. Email Instructor Save and Exit Submit Assignment for GradingMail - S X W St. Loui X In Course x a Amazor X BBL JBL Pul X & Uber vs X Look U X Ellucian X In Fall 202 x Course x Cengac X . table_9 x . table_9 x | MindTa x | Order s x | C # v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false NO Chapter 12 eBook Calculator 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. 1. Ex. 12.02 Chrisman Company 2. EX. 12.03.ALGO Statement of Cash Flows For the Year Ended December 31, 2017 3. EX. 12.04 Cash Flows from Operating Activities Net income v 4. EX. 12.05 Adjustments to reconcile net income to net cash provided by operating activities: 5. EX. 12.06.ALGO Depreciation expense v 6. EX. 12.14.ALGO Increase in accounts receivable v Decrease in inventory v 7. EX. 12.17 Increase in prepaid rent v 8. EX. 12.18.ALGO Increase in accounts payable 9. PR. 12.01.ALGO Decrease in income taxes payable v Net cash provided by operating activities v Cash Flows from Investing Activities Acquisition of plant and equipment v Cash Flows from Financing Activities Retirement of bonds payable Issuance of short-term notes payable v Issuance of common stock v Net cash provided by financing activities v Net decrease in cash v Cash balance, December 31, 2016 Cash balance, December 31, 2017 Feedback Check My Work Progress: 9/9 items Check My Work Previous Assignment Score: 70.48% All work saved. Email Instructor Save and Exit Submit Assignment for Grading