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part of balance sheet is missing but can you do as much as you can with what is there? Sansa Accessories, Inc. reported the following
part of balance sheet is missing but can you do as much as you can with what is there? Sansa Accessories, Inc. reported the following comparative balance sheets and income statement for the current year. (Click the icon to view the balance sheets.) (Click the ioon to view the income statement.) Sansa Accessories purchased new equipment for $948 and sold equipment with a net book value of $320. Both events were cash transactions. It paid any dividends declared and repaid $120 of long-term debt during the year. Requirements a. Prepare the operating activities section of the statement of cash flows using the indirect method. (Use a minus sign or parentheses for any numbers to be subtracted andjor net cash used by operating activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Changes in Operating Working Capital Accounts: Net Cash Provided (Used) by Operating Activities Comparative Balance Sheets Income Statement Requirements b. Prepare the operating activities section of the statement of cash flows using the direct method. (Use a minus sign or parentheses for any numbers to be subtracted andior net cash used by operating activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.)
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