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Need ASAP Preparing the Statement of Cash Flows (Indirect Method) The balance sheets for 2004 and 2003 for Columbia Sportswear are attached. In addition, Columbia

Need ASAP

Preparing the Statement of Cash Flows

(Indirect Method)

The balance sheets for 2004 and 2003 for Columbia Sportswear are attached. In addition, Columbia reported the following information:

  • 2004 net income was $138,624. Tax expense was $76,297.
  • Sold property, plant and equipment for $40 cash and recognized a loss of $541.
  • Sold held-to-maturity investments for cash at original cost (i.e., there was no gain or loss).
  • Depreciation of plant, property and equipment totaled $18,544 in 2004. Amortization of intangible assets totaled $84.
  • Assume all capital expenditures and purchases of other long-term assets were paid in cash.
  • Other liabilities consist of various long-term operating liabilities.

Columbia Sportswear Company

Statement of Cash Flows

For the year ended December 31, 2004

Columbia Sportswear Company

Balance Sheet

December 31

2004

2003

Assets

Cash and cash equivalents

$130,023

$104,135

Accounts receivable, net

267,653

206,024

Inventories

165,426

126,808

Prepaid expenses and other current assets

32,726

22,813

Total current assets

595,828

459,780

Held to maturity investments

160,205

160,450

Property, plant and equipment, net

155,013

126,247

Goodwill and other intangibles

38,398

37,289

Total assets

$949,444

$783,766

Liabilities and Shareholders' Equity

Accounts payable

$ 78,309

$ 62,432

Accrued Liabilities

49,789

42,303

Income Taxes payable

11,819

8,069

Long-term debt

16,434

20,931

Other liabilities

12,843

9,202

Total liabilities

169,194

142,937

Common Stock & APIC

164,317

163,520

Retained Earnings

615,933

477,309

Total liabilities and shareholders' equity

$ 949,444

$ 783,766

What is the number of cash flows from Operating Activities using the Indirect Method?

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