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Please prepare Statement of Cash flow. Please show how you got the solutions A C 7,810 000 OurCom Income Statement EYE 12/31/18 Sales Cost of

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Please prepare Statement of Cash flow. Please show how you got the solutions

A C 7,810 000 OurCom Income Statement EYE 12/31/18 Sales Cost of Goods Sold Depreciation & Amortization Selling & Admin Expense Interest Expense Equity in Earnings of SubCo O Gain on sale of investments 1 Interest Income 2 Income before taxes 13 Income tax expense 14 Net Income (5,500,000) (260,000) 11,100,000) (140.000) 17,000,000) 25,000 35,000 30.000 900,000 (210.000) $690.000 16 Additional Information relating to 2018 activities: 17 Cash dividends of $240,000 were declared and paid 18 Equipment costing $400,000 and having a carrying value of $150,000, was sold on 1/1/18 for $150,000 cash 19 Along-term investment was sold during the year for $135,000 in cash 20 10.000 shares of common stock were issued for $22 per share 21 Short-term investments consist of Treasury Bills maturing on 6/30/18 22 The provision for 2018 tanes was $210,000 OurCo wrote off $40,000 of bad debts in 2018 Our Co accounts for its interest in SubCounder the equity method. Its equity in SubCo's 2018 earnings was $25,000 25 Ar the end of 2018, OurCo received a $10,000 cash dividend from SubCo OurCo Worksheet Direct Method 12/31/2017 12/31/2018 100,000 31 Cash 32 Short-term Investments 33 Accounts Receivable (gross) 34 Inventory 35 Prepaid Expenses 36 Long-term Investments 37 38 Equipment 39 Intangible Assets 40 560,000 600.000 20.000 300,000 195.000 300,000 540,000 680,000 15.000 215,000 1,000,000 100.000 2.680,000 1.700.000 90.000 3.735.000 50,000 450.000 720,000 10 000 30,000 42 Allowance for Doubtful Accounts 43 Acoumulated Depreciation 44 Accounts Payable 45 Interest Payable 46 Income Tanes Payable 47 Short-term Debt 48 Deferred Taxes 49 Common Stock ($10 par) 50 Additional Paid in Capital 51 Retained Earnings 60,000 450.000 825.000 15.000 20.000 325.000 250,000 800,000 370,000 620.000 3.735,000 300 000 700.000 250.000 170.000 2680,000

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