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prepare a statement of cash flows, using the direct and indirect methods. A B C O'Neill & Carter, Inc. Statement of Cash Flows-Direct Year Ended
prepare a statement of cash flows, using the direct and indirect methods.
A B C O'Neill \& Carter, Inc. Statement of Cash Flows-Direct Year Ended 12/31/21 Cash Collections from Customers Cash Payments Total Cash Payments Net Cash Provided by Operating Activities 14 15 Investing Activities 16 17 18 19 20 Cash Flows form Investing Activities 21 22 Financing Activities 23 24 25 Cash Flows from Financing Activities 26 27 Net Increase in Cash 28 Cash, Beginning 29 Cash, Ending 30 A O'Neill \& Carter, Inc. Statement of Cash Flows-Indirect Year Ended 12/31/21 Cash Flows from Operating Activities: Net Income $91,400 Adjustments to Net Income Depreciation \& Amortization Increase in Receivables Increase in Inventory Increase in Prepaid Expenses Increase in Accounts Payable Increase in Salaries Payable Increase in Interest Payable Decrease in Taxes Payable Total Adjustments Net Cash Flows Provided by Operating Activities The Income statement and comparative balance sheete for O'Nelli \& Carter Company are aB follows: No Land was aold In 2021Caah wae recelved through an lasuance of Bonde Payable, 10,000. Thla caah was ueed Iater in 2021 to purchase Land. A Fixed Aaeet was sold for $4,100. Flxed Aaeete worth \$12,200 were damaged in an accident in 2021. Inaurance clalme have been flled, but not pald as of 12/31/21 Total Caah PurchaseB of Flxed Asaeta $28,300 Caah Dividenda Pald were $108,900 In 2021 Required: Prepare a statement of Cash Flowa for December 31, 2021 using the Direct Method and Indirect Method
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