1. Prepare the operating section of the statement of cash flows for Grinch Corporation using the indirect method.
2. Prepare the investing section of the statement of cash flows for Grinch Corporation.
3. Prepare the financing section of the statement of cash flows for Grinch Corporation.

AutoSave OF FAAS 5- Chapter 12 ALA-1 Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Calibri (Bo... V 12 - A Aa Ever A.. Aanhandle Aalbcdie AaBbcco ABECEDHE AaBb Aasbeck Paste u x x - Normal Heading Ne Spacing Title Y Hercing 2 Subtitle Dictate Styles Pane Sensitivity Grinch Corporation Consolidated Balance Sheets December 31, December 20X2 31, 20x1 Assets Current assets: Cash & cash equivalents Accounts Receivable Inventories Prepaid expenses Total current assets PP&E, net Total assets $ $ $ $ $ $ $ 158,524 S 114,599 89,475 $ 75,988 76,906 $ 79,870 7.866 $ 4,877 332,773 $ 275,334 95,345 $ 87,564 428,118 $ 362,898 $ $ $ $ 61,769 $ 54,892 12,344 $ 13,557 74,113 $ 68,449 35,457 $ 33,484 Liabilities and SE Current liabilities: Accounts payable Accrued expenses Total current liabilties Long-term debt Stockholders' equity Common stock APIC Retained earnings Total SE Total liabilities and SE $ $ $ $ $ 1,109 $ 1,003 21,333 $ 20,344 296, 106 $ 239,618 318,548 $ 260,965 428,118 $ 362,898 Additional Information for 20X2: Net income was $105,750 There was a gain on disposal of PP&E for $5,000 Proceeds from disposal of PP&E was $54,000 Depreciation expense for the year was $15,350 Purchase new PP&E for $16,793 cash Purchase $50,000 worth of short-term investments (paid cash for full purchase price) Purchased $30,000 worth of short-term investment (signed a note payable for full price) Dividends declared were $49,262 and cash dividends paid were $54,600 to shareholders $ Page 2 of 3 270 wards English (United States) Focus 3 + 117% %