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7:01 AA edugen.wileyplus.com WileyPLUS Weygandt, Accounting Principles, 13e Help | System Announcements CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Common stock 40,000 23,000 Exam 4 - Part 2 of 2 Retained earnings 30,000 10,000 Brief Exercise 161 Brief Exercise 166 Total liabilities and stockholders' equity $123,000 $85,000 Brief Exercise 154 Exercise 178 Additional information: Review Score Review Results by Study 1. Net income for the year ending December 31, 2020 was $35,000. Objective Mobile Site 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2020 were $120,000. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ROCKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Inventories Increase in Accounts Payable Decrease in Prepaid Expenses Net Cash Provided by Operating Activities Cash Flows from Financing Activities Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER7:01 AA edugen.wileyplus.com WileyPLUS Weygandt, Accounting Principles, 13e Help | System Announcements CALCULATOR PRINTER VERSION BACK NEXT > ASSIGNMENT RESOURCES Exercise 178 Exam 4 - Part 2 of 2 Brief Exercise 161 A comparative balance sheet for Rocker Company appears below: Brief Exercise 166 Brief Exercise 154 ROCKER COMPANY Exercise 178 Comparative Balance Sheet Dec. 31, 2020 Dec. 31, 2019 Review Score Assets Review Results by Study Objective Cash $34,000 $11,000 Mobile Site Accounts receivable 18,000 13,000 Inventory 25,000 17,000 Prepaid expenses 6,000 9,000 Long-term investments 17,000 Equipment 60,000 33,000 Accumulated depreciation-equipment (20,000) (15,000) Total assets $123,000 $85,000 Liabilities and Stockholder's Equity Accounts payable $17,000 $7,000 Bonds payable 36,000 45,000 Common stock 40,000 23,000 Retained earnings 30,000 10,000 Total liabilities and stockholders' equity $123,000 $85,000 Additional information: 1. Net income for the year ending December 31, 2020 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2020 were $120,000. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) ROCKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Inventories Increase in Accounts Payable Decrease in Prepaid Expenses Net Cash Provided by Operating Activities Cash Flows from Financing Activities m
