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please show steps clearly Williamsburg Company uses the direct method to prepare a statement of cash flows. Refer to the following financial statement information for
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Williamsburg Company uses the direct method to prepare a statement of cash flows. Refer to the following financial statement information for the year ending December 31, 2018 Williamsburg Company Comparative Balance Sheet December 31, 2018 and 2017 Increase 2011 2017 Decrease Cash AED 33.000 AED 1,000 AED 20 00 Accounts Receivable 29.000 36.000 7.000 Merchandise Inventos 56.000 29.000 27.000 plant and Equipment, net 116.00 92000 24000 AED AED Total Assets 24ARAB 170,000 AED 7400 Accounts Payable Accrued Liabilities Long term Notes Payable Total Liabilities AED 9.000 AED 13.000 AED 14.000 7.000 3.000 4.000 79.00 1900 AEDES AED 950902 Common Stock Retained Earnings Treatus Stock AED 55.000 AED 1,000 AED 52.000 115.000 78.000 37,000 12000 165.000 15.000 AED 15000 AED 75.000 AED 32024 Total Stockholders Equis Total Liabilities and Stockholders Equi AED 2440 AR 17000 AED 7400 Williamsburg Company Income Statement Year Ended December 31, 2018 AED Sales Revenue 291304 Interest Revenue 1000 Ganon Soof Dart 11 AECI 145.00 49.000 Total Revenue and Gas Cost of Goods Sold Salaries and Wares Expanse Deprecation Expenses Plantes Other Operating Expert Interest Expense ncome Tax Expert Total Expenses 25.000 3.500 7800 24529 AERS Additional information provided by the company indude the following Equiment conting AED 60,000 was purchased for cash Equiment with a neste av of AED 10.000 wat for AED 16000 During 2018 the company read AED 49.00) of lonec notes payable During 2018 the company borrowed AED 3400% new note pale There were stock roment curing the There were no tale of Treasury Stock during the year Prepare a complete tatement of cash flow the method Accrued liabiles relate to the operare pente Step by Step Solution
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