prepare a statement of cash flows for hudson industries.

epare statement of cash flows using the indirect method. The income statement for 2014 and the balance sheets for 2014 and 2013 are presented for Henderson Industries, Inc. mCick the icon to view the balance sheets.) (Click the icon to view the income statement.) (Cick the icon to view additional information.) equirement repare a statement of cash flows for Henderson Industries, Inc, for the year ended December 31, 2014, using the indirect method. repare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and for net cash outfows.) Henderson Industries, Inc. Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2014 Operating Activities: Adjustments to reconcile net income to cash basis Choose from any list or enter any number in the input fields and then continue to the next question O4T P % & 3 4 5 6 7 8 E R T Y U P N B 9-11, & 13 2 of 16 (1 complete) Data Table derson nenderson inaustries, inc. Comparative Balance Sheets December 31, 2014 and 2013 es, Assets 2014 2013 hes Current assets: Ind Cash 473,000 $ 291,000 irect Accounts receivable 78,000 125,000 per 3 Inventory 334,000 214,000 Prepaid insurance 9,500 6,500 Total current assets 894,500 $ 636,500 Property, plant, and equipment 600,000 $ 555,000 put fie Print Done 331 44 E7 FS F6 F8 F9 F10 I ers B 9-11, & 13 2 of 16 (1 complete) i Data Table dersc nod. T,134,000 T,422,000 Total assets ustries Liabilities Current liabilities: arenthes 55,000 $ 36,000 Accounts payable (inventory purchases) S tries, Ind Wages payable 16,400 17,100 (Indirect Interest payable 1,400 300 cember 3 Income taxes payable 62,040 13,000 6,300 3,700 Other accrued expenses payable Total current liablities $ 141,140 $ 70,100 sis 60,000 23,000 Long-term liabilities he input fie Print Done 31 F3 FS EA F7 FB F9 A 2 of 16 (1 complete) Data Table 1 hod. ouor uooruou UnpooG payooTO S 141,140 $ Total current liablities 70,100 dustries, 23,000 60,000 Long-term liabilities parenthes Total liabilities S 201,140 $ 93,100 stries, Ind s (Indirect Stockholders' equity ecember 3 Common stock $ 600,000 $ 600,000 Retained eanings 621,360 461,400 Total stockholders' equity $ 1,221,360 $ 1,061,400 asis Total liabilities and equity 1,422,500 $ 1,154,500 the input fiel Print Done go E3 FS F6 F7 $ A & I 2 L tA i Data Table nde For the Year Ended December 31, 2014 $ 959,000 Sales revenues , In 386,000 Less: Cost of goods sold $ 573,000 Gross profit esel Less operating expenses: Inc. Salaries and wages expense S 187,000 rect N Insurance expense 10,500 er 31J Depreciation expense 56,400 80,000 Other operating expenses 333,900 Total operating expenses Operating income 239,100 Plus other income and less other expenses: nput field Print Done 100 331 ... DOD FA F3 F5 F6 FB F9 $ % A Data Table h 56,400 Depreciation expense 80,000 Other operating expenses s, In 333,900 Total operating expenses $ 239,100 ese Operating income Plus other income and less other expenses: Inc. Interest expense 5,800 rect N 3,500 Gain on sale of PP and E er 31, 2,300 Total other income and expenses Income before incodbe $ 236,800 taxes 71,040 Less: Income tax expense $ 165,760 Net income put field Print Done DO0 D00 F4 FS F6 F7 FB $ % A 2 of 16 (1 complete) presented for Hende od. The income statement for 2014 and the balance sheets for 2014 and 2013 are E(Click the icon to view the balance sheets.) i Additional information usi ared Additional information follows: a. Sold plant asset for $4,100. The original cost of this plant asset was $10,000 and it had $9,400 of accumulated depreciation associated with it. b. Paid $4,000 on the bonds payable; issued $41,000 of new bonds payable. c. Declared and paid cash dividends of $5,800. d. Purchased new investment for $12,000. e. Purchased new equipment for $55,000 tries (Ind cemb asis Print Done the input fields and then continue to the next question. 2 F3 FS F6 FB F9 $ % & 4 5