prepare a statement of cash flows using the direct or indirect methods, based on the following.

Practice Set2 DLC 1B a statement of cash flows the direct ABC Ind Balance Sheets 12/31/2016 Make reasonable a 1231/2017 ABC In 19,65869 12 mos endin 12/31/2017 Accounts Receivable, net Sales 22,000,000 13,200,000 Machinery and 800,000 Furniture and Fix 2900.000) 3,300,000 155,000 825,000 Tetal Assets 5,280,000 and Shareholders Net Income 3,520,000 urent Liabil vidends Payable and were purchased for cash 00,000 376.000 60,000 100,000 shares of common stock sold for $10 per share Total current liabilities h dividends of $150,000 were declared Term Liabilities 2756 298 2,756295 132 295 Share PE ratio the stock s 536 Owner's and the shares are 100,000 in 2017 Deficit) ute the current ratio 20,066.000 5,264,295 Total Lab & Stekldrs' Equty 000.000.00 entnies for the issuance of S10,000,000 1%, 10 ssued an 1/1 af this atan effective rate of 12% s on 7/1 and 1 has 300,000 shares of S100 and 3,000.000 shares of $1 There are 400,000 shares of before interest and tax is $6,200,.000 Interest expense was S600 000 and the tax rate is 20% The and wishes fotal of $2 000,000 in dividends How much wi esch share af Retained earnings at the What wiW be the final amount in retained e what are of the are $90,000,000 at the end of the