On the basis of the following data for Breach Co. for the year ended December 31, 2011 and the preceding year, prepare a statement of cash flows using the indirect method of reporting cash flows from operating activities. Use the minus sign to indicate cash outflows, a decrease in cash, or cash payments. Assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period. Stock was issued for cash - 3,200 shares at par. Net income for 2011 was $76,000. Cash dividends declared and paid were $13,000. Statement of Cash Flows

Exit ' Submit Test for Gr nstructor On the basis of the following data for Breach Co. for the year ended December 31, 2011 and the preceding Year; prepare taktsktaterhent of cash using the indirect method of reporting i in: s . . . - . . . ; * i i x i J x i i A i " iactwrties. Use the minus Sign to Indicate cash outflows, a decrease in cash, or cash payments. ' ' t ' ' ' ' ' l - . x k x ' : x t i kg that equspmen-t costing $25,000 was purchased for cash and no long term assets were sold during the period was issued for cash - 3,200 shares at par. me: income for 2011 was $76,000. dividends declared and paid were 513,000. Year Yxear - 2011 2010 flash ' 1 $1?U.GDD SS 74,UDD amounts receivable (net) 7 ' 78,000 85,000 Writer-isis ' x r 186,SUD1 QUJUUBK 395,000 3701000 3 nasa-wauimulxarted depreciation ' ' (ELM) WE) am its payable (merchandise crditors} 7 Vi? BUD u mn stack, $10 par 262,DUG Y I ' 2301000 am eammgs , 239000 : macao Rss in" b. all do" an