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Prepare the statement of cash flow for Special Bakery Ltd. using the indirect method. Assume current liabilities include only items from operations (eg, accounts payable,
Prepare the statement of cash flow for Special Bakery Ltd. using the indirect method. Assume current liabilities include only items from operations (eg, accounts payable, tax payable). Long-term fabilties include items from financing (e.g bonds and othe long term liabilities). Assurne no equipment was sold during the year. Prepare the cash flow statement for 2023 using the indirect method Assume the net income for 2023 was $33,000. Do not enter dollat signs or commas in the input bowes. Use the negative sign for a decreage in cash. Special Bakery Ltd. Cash Flow Statement For the Year Ended August 31 Cash Flow from Operating Activities Net lncome Add: Depreciation Change in Operating Assets and tiablities Ohange in Accounts Receivable Change in Prepaid insarance Change in Merchandise inventory Net Cash Provided (Used) by Operating Activities Cash Flow from lmesting Activities Purchase of Equpment Net Cash Provided (Used) by Imesting Activities Cinh fiow frorn financing Activities issued Common Shares Paid Long-Term Liabilitites
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