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Please help with the cash flow statement in the attached document BUS-FP3061 Fundamentals of Accounting Assessment 3, Part 2 Template Instructions: Download and save a
Please help with the cash flow statement in the attached document
BUS-FP3061 Fundamentals of Accounting Assessment 3, Part 2 Template Instructions: Download and save a copy of this Excel file. Using the information from this worksheet, prepare the cash flow statement on the next worksheet. Skylar Enterprises, Inc. Comparative Balance Sheets Assets 12/31/2012 1/1/2012 Cash $73,000 $22,000 $51,000 Accounts receivable $85,000 $76,000 $9,000 $170,000 $189,000 $19,000 $75,000 $100,000 $25,000 Equipment $260,000 $200,000 $60,000 Accum. Depreciation - Equipment -$66,000 -$32,000 $34,000 $597,000 $555,000 $39,000 $47,000 $8,000 Bonds payable $150,000 $200,000 $50,000 Common stock $216,000 $174,000 $42,000 Retained earnings $192,000 $134,000 $58,000 $597,000 $555,000 Inventory Land Total Difference Liabilities and Equities Accounts payable Total Additional Information: 1. Net income for 2012 was $103,000. 2. Cash dividends of $45,000 were paid. 3. Bonds payable amounting to $55,000 were redeemed. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2012. 6. Land was sold at cost during 2012. 1 2 Skylar Enterprises, Inc. Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2012 Cash Flow from Operating Activities: Cash Flow from Investing Activities: Cash Flow from Financing Activities: 3Step by Step Solution
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