prepare a statement of cash flows using indirect method. ignore where it says use worksheet #8.

Calibri (Body) 11 , ^ A A- Copy Format rt Three-Statement of Cash Flows (indirect method) Ignoring all of the previous information, use the information provided below to prepare a Statement of Cash Flows using the indirect method Use worksheet #8. Botswana Tea Company, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Accounts receivable (net) Inventories Machinery and equipment Accumulated depreciation-machinery & equipment Total assets 2018 100,000 78,000 101,500 410,000 2017 78,000 85,000 90,000 370,000 539,500 465,000 Liabilities and Stockholders Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Excess of issue price over par common stock Retained earnings Total habilities and stockholders' equity 58,500 5,000 200,000 62,000 214,000 539,500 55,000 4,000 170,000 60,000 176,000 465,000 23 25 26 Additional information: 271. Equipment costing $125,000 was purchased for cash 22 Equipment costing $85,000 with accumulated depreciation of S65,000 was sold for $15,000. The stock was issued for cash. declared of $13,000. Prepare a statement of cash flows using the indirect method 30 4. The only entries in the retained earnings account were net income of $$1,000 and cash dividends 32 of reporting cash flows from operating activities 35 4Start Here - Instructions -Group Information PART ONE 1-Trial Balance Worksheet