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Please help! Prepare SCF using indirect method. The operations of The McKenzie, a small lodging operation, are becoming more complex, Ms. Jo McKenzie, the owner,

Please help! Prepare SCF using indirect method. image text in transcribed
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The operations of The McKenzie, a small lodging operation, are becoming more complex, Ms. Jo McKenzie, the owner, has asked for your help in preparing her statement of cash flows. She is able to present you with condensed balance sheets and some additional information. Drint the information requested below. Cot $8,000. 2. Common stock, purchased as a long-term investment for $5,000, was sold for $15,000. dotaled $15,000. 5. 5. Depreciation expense totaled $38,000. 6. Long-term debt of $5,000 was reclassified as current and $5,000 of long-term debt was paid. 7. Common stock of $50,000 was sold and long-term debt of $40,000 (note payable) was borrowed. 8. The McKenzie generated net income of $22,000. Required: Prepare the SCF as requested by Ms. McKenzie using the indirect method

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