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Prepare the statement of cash flows for Benji Company using the indirect method, Show your workin Benji Company Income Statement For the Year Ended December

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Prepare the statement of cash flows for Benji Company using the indirect method, Show your workin Benji Company Income Statement For the Year Ended December 31, 2015 $8,200 Revenues Depreciation expense Other operating expenses 6800 Income before income taxes Income tax expense Net income S 400 7.200 $1,000 340 S 660 Benji Company Balance Sheet December 31, 2015 and 2014 2015 2014 20152014 Liab. & SE: Assets: Cash A/R Inventories Plant & Equip. Less: Acc. Depr Total Assets 70 600 160 1,080 1,630 Common Stock 1,0001,000 Retained Earnings 780 420 Total Liab. &SE $3,720 $3,810 S 380 640 950 2,870 (L120) $3,720 120 A/P 580 Inc.Taxes/Pay 840 LT debt 2,990 (220) 90 S3,810

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