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PLS DO THIS ASAP During a recent yoar, Nicole's Getaway Spe (NGS) reported net income of $2,400 The compory reported the following activities a. Increase
PLS DO THIS ASAP
During a recent yoar, Nicole's Getaway Spe (NGS) reported net income of $2,400 The compory reported the following activities a. Increase in inventary of $420 a. Depreciation of $3200 c increase of $2190 in prepaid expenses a Payments of $4,800 on long term debt e Purchased new spa equipment for $7.602 f Payments on accounts payable exceeded purchases by $340 9 Collections on accounts recelvable exceeded credit sales by $879 h. issued $12,000 of common stock Required: Based on this information, prepare a statement of cash flows for the year ended December 31 using the indirect method. Assume the cash balance at the beginning of the year was $7.200 (Amounts to be deducted should be indicated with a minus sign.) Step by Step Solution
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