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PLEASE HELP ME WITH THIS PLEASE PLEASE PLEASE Preparing a Statement of Cash Flows (Indirect Method) Yangs Dumplings is developing its annual financial statements at
PLEASE HELP ME WITH THIS PLEASE PLEASE PLEASE
Preparing a Statement of Cash Flows (Indirect Method)
Yangs Dumplings is developing its annual financial statements at December 31, 2015. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows:
Yang's Dumplings Balance Sheet at December 31 2015 2015 2014 4,400 32,900 9.00 91,950 62,000 Merchandise inventory Property and equipment Less: Accumulated depreciati 95,40 259,300 otal Assets 323,400 238,800 Accounts payable Wages payable 29,50 7,000 9,500 ontributed capital 90,700 73,500 323,40 230,80 come Statement for 2015 Sales 43,25 05,99 sale of equipment 47,860 Additional Data: h. Settled $43,700 of lonm notes payable d. Cash Dividends of S22222cte, declared and paid. Bought equipment with a S125,000 long temnote payable and S4,300 cash. Issued new shares of common stock for $6,200 Sold old equipment for S15,000, which was originally purchased for $33,000 and had an accumulated depreciation balance of $14,000 e. f.Accounts payable includes only inventory purchases made on credit. g. Lucd preferred shares and raised $11,000 in cash
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