Prepare a Statement of Cash Flows using the indirect method

Yoyo Company Comparative Balance Sheets 31 December 2009 Assets 2009 2008 $ $ Cash Accounts Receivable Inventory Property, Plant, Equipment less Accumulated Depreciation 26,000 28,000 38,000 33,000 14,000 25,000 $ $ 70,000 27,000 78,000 24,000 43,000 54,000 TOTAL $ 135,000 $ 126,000 Liabilities and Stockholder's Equities $ $ Accounts Payable Income Taxes Payable Bonds Payable Total Liabilities Common Stock Retained Earnings Total Shareholders Equity 31,000 26,000 20,000 77,000 25,000 33,000 58,000 43,000 20,000 10,000 73,000 25,000 28,000 53,000 TOTAL $ 135,000 $ 126,000 - T. Homework Assignment_w_Yoyo_Co-1 - Word (Product Activation Failed) File Home Insert Design Layout References Mailings Review View Tell me what you want to do... & Cut Calibri (Body - 11 A A Aa A ESA 41 - Copy Paste BI U he X, X ? A aty Aaly. A EDES- 1 Normal 1 No Spac... Heading 1 Heading 2 Title Format Painter Subtitle Subtle Em... Emphasis Clipboard Font 1, Paragraph Styles & Share Find - ab Replace Select Emphasis - Editing Yoyo Company Income Statement For year ending 31/12/2009 $ 286,000 194,000 92,000 $ 28,000 9,000 Sales Cost of goods sold Gross Profit Selling Expense Administrative Expenses Income from Operations Interest Expense Income before Taxes Income Tax Expense Net Income 37,000 55,000 7,000 48,000 7,000 $ 41,000 Additional Information: 1. Dividends of $36,000 were declared and paid. 2. During the year, equipment was sold for $10,000 cash. This equipment cost $15,000 originally and had a book value of $10,000 at the time of sale. 3. All depreciation expense is in the Selling expense category. 4. All sales and purchases are on account. 5. Additional equipment was purchased for $7,000 cash. Page 2 of 2 B4 words English (United States) BE + 100% EN Type here to search O O w AENG 1:03 AM 12/19/2021 O