Prepare The statement of cash flows for the consolidated company using the indirect method. Cash analysis worksheet should be prepared to aid the development of the statement. Any other supporting schedule should be good form
this is the statement i am needing help with filling out
she consolidated work paper balances of Bush, Inc., and its subsidiary, Dort Corporation, as of Problem 6-3 (LOI) Comprehensive cash flow, indirect method. Tresented below are December 31, 2016 and 2015: X Assets 2016 $313.000 175,000 NetChange Ines Decor $118.000 2015 $ 195,000 175,000 Cash Marketable equity securities at coul Alowance lo reduce morible y securities to O market Accounts receivable her Inventories ond. Montand equipment Accumulated depreciation Goodwill Talal assets. 113,000) 418,000 595,000 385.000 755,000 (199,000 60.000 $2.489,000 124.0001 440,000 525,000 170,000 690.000 [145,000 60,000 $2,086,000 11.000 122,000 70.000 215,000 65,000 154,0001 0 $403,000 Liabilities and Stockholders' Equity Current portion of long-term note Accounts payable and accrued liabilities Nole payable, long-term Deferred income taxes. No controlling interest in nat assets of subsidiary Common stock ($10 por) Additional paid in capital in excess of por toined earnings Treasury stock fat cost) Total liabilities and stockholders' equity $ 150,000 595,000 300,000 44,000 179,000 580,000 303,000 338,000 $ 150,000 474,000 450,000 32,000 161.000 480,000 180,000 195.000 (36,000) $2,086,000 $ 0 121,000 1150,000) 12,000 18,000 100,000 123,000 143,000 36,000 $ 403,000 $2,489.000 Additional information: On January 20, 2016, Bush, Inc., issues 10,000 shares of its common stock for land having a fair value of $215,000. b. On February 5, 2016, Bush reissues all of its treasury stock for $44,000. On May 15, 2016, Bush pays a cash dividend of $58,000 on its common stock. d On August 8, 2016, equipment is purchased for $127.000 On September 30, 2016, equipment is sold for $40,000. The equipment costs $62,000 and has a net book value of $34,000 on the date of the sale. On December 15, 2016, Dorr Corporation pays a cash dividend of $50,000 on its common stock Deferred income taxes represent timing differences relating to the use of accelerated depreciation methods for income tax reporting and the straight-line method for financial reporting Net income for 2016 is as follows: Controlling interest in consolidated net income. $201.000 Dorr Corporation 110,000 Bush, Inc., owns 70% of Dorr Corporation. There is no change in ownership interest in Door during 2015 and 2016. There are no intercompany transactions other than the dividend paid to Bush by its subsidiary. Problem 6-3 Name of Parent Cash Flow Statement Bush 12/31/16 Trial Balance End of Period Beginning of Period Account Changes Debit Credit Explanation of Change Debit Key Credit Cash Balance Marketable Equity Securities (al cost) Allowance to Reduce Marketable Equity Securities to Market Accounts Receivable Inventory Land Piant and Equipment Accumulated Depreciation Goodwill OOO O oo D 0 Current Portion of Long-term Nota Accounts Payable and Accrued Lates Note Payable Deferred Income Tax Non controlling Interest Common Stock Additional din Capital Retained Earnings Treasury stock cat cost Change in Cash Total co OOOOOO OOO 0 0 Cash from Operations Net Income
