prepare a schedule of net cash provided by operating activities

pt1

pt2

use the income statement and balance sheet super perry statement of cash flow's using the indirect method

in formula form

Cash Flow Excel Saved Angren Vurnier Lens Curling LORO TU Formatting* Table Styles Styles - Clipboard Font AI X fx The following information is for FloorCo, Inc. for the year just ended: A 1 The following information is for FloorCo, Inc. for the year just ended: Beginning of End of year year $ 5 Current assets: Cash 7 Accounts receivable Inventory 9 Prepaid expenses 75,000 $ 158,000 285,000 11,000 90,000 140,000 246,000 16,000 10 11 Current liabilities Accounts payable D Accrued liabiities Income taxes payable E 13 284,000 9,500 27,000 302,000 11,200 24,000 16 Net income $ 94,500 Accumulated depreciation total credits $ 45,000 UI COSI PIUW LACE 16 Net income $ 94,500 18 Accumulated depreciation total credits $ 45,000 21 Floor Company did not record any gains or losses during the year. 23 Prepare a schedule of net cash provided by operating activities. FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 28 Net income 29 Adjustments to reconcile net income to net cash provided by operations: 30 Depreciation Increase in accounts receivable 32 Increase in inventory Decrease in prepaid expenses Decrease in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by operating activities ... Sheet1 ... + X fo Required: 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference 3 data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in calculations. ces INNOVATION ELECTRONICS, INC. Statement of Cash Flows For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable 17 Inventory 18 Prepaid insurance 19 Accounts payable 20 Interest payable 21 Income tax payable 22 Net cash provided by (used in) operating activities 24 Cash Flows from Investing Activities