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Prepare a statement of cash flows using the indirect method. oper. act. Prepare a stateme direct method *P12.10A (LO 4), AP Data for Granger Inc.
Prepare a statement of cash flows using the indirect method. oper. act. Prepare a stateme direct method *P12.10A (LO 4), AP Data for Granger Inc. are presented in P12.9A. Further analysis reveals that accounts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows for Granger Inc. using the direct method. Net cash provi oper. act. P12.11A (LO 2), AP The comparative balance sheets for Spicer Company as of December 31 are presented below. Prepare a stateme Indirect method. Spicer Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 68,000 23000 $ 45,000 + 230007 Accounts receivable 50,000 - (800) 58,000 + 8000 Inventory 151,450 450 142,000+(9450) assets Prepaid expenses 15.280 - (5720) 21,000+ 5720 Land (and 145,000 15000 130,000 Buildings 200,000 0 200,000 Accumulated depreciation-buildings (60,000) 20000 (40,000) Equipment 225,000 70000 155,000 Accumulated depreciation equipment (45,000) 100 (35,000) Total $749,730 $676,000 Liabilities and Stockholders' Equity Accounts payable $ 44,730 8730 $ 36,000 +8730 Ronds payable 300,000 300,000 Common stock, Si par 200,000 40000 160,000 Retained earnings 205,000 25000 180,000 Total $749,730 $676,000 Additional information: operating 1. Operating expenses include depreciation expense of $42,000 ($20,000 of depreciation expense for Depreciatibu buildings and $22,000 for equipment). 2. Land was sold for cash at book value and 3. Cash dividends of $12,000 were paid. 4. Net income for 2022 was $37,000. Heating 10000 5. Equipment was purchased for $92,000 cash. In addition, equipment costing $22,000 with a book Sobo value of $10,000 was sold for $8,000 cash. - - operating 2000 6. 40,000 shares of si par value common stock were issued in exchange for land with a fair value of $40,000. land Instructions Net cash prou Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. oper. act. 112.12A (LO 3), C You are provided with the following transactions that took place during the year. Identtfy the tmp Free Cash free cash flow Transactions Flow ($125,000) a. Recorded credit sales $2,500. b. Collected $1,900 owed by customers
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