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Please provide statement of cash flows using the indirect method in spreadsheet format for the following exercise. Thank you very much, thumbs up for answer!!
Please provide statement of cash flows using the indirect method in spreadsheet format for the following exercise. Thank you very much, thumbs up for answer!!
Statement of Cash Flows, Indirect Method, Disclosures. Starlar d Corporatior provided the following comparative balance sheets and income statement. Starland Corporation Balance Sheets At December 31 Assets Current Year Prior Year Current Assets Cash Accounts Receivable- net Merchandise Inventory Prepaid Expenses $ 270,001 145,847 255,368 268,363 75,000 $ 974,722 744,578 268,363 381,358 55,000 Total Current Assets Noncurrent Assets Property, Plant, and Equipment - net $3,854,542 $4,323,471 $3,854,542 $4,323,471 4,829,264 $5,068,049 Total Noncurrent Assets Total Assets Liabilities Current Liabilities Current Portion of Long-Terrm Debt Accounts Payable Income Taxes Payable S 125,622 360,877 446,695 165,255 S839,751972,827 528,252 185,877 Total Current Liabilities Noncurrent Liabilities Notes Payable S730,854 635,597 730,854 635,597 $1,570,605 $1,608,424 Total Noncurrent Liabilities Total Liabilities Shareholders' Equity Common Stock, $1 par value $ 381,358 1,129,950 381,358 1,129,950 Additional Paid-in Capital in Excess of Par- Common Retained Earnings Total Shareholders' Equity Less: Treasury Stock at Cost Total Liabilities and Shareholders' Equity 2,287351 $3,798,659 (540,000) $4,829,264 2,083,317 $3,594,625 -(135,000) $5,068,049Step by Step Solution
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