Preparing the Statement of Cash Flows Balance sheet information for Beckwith Products Company is presented below. Additional Information: 1. Net income for the year was $58,400. 2. Cash dividends of $12,000 were declared and paid during the year. 3. During the year, Beckwith issued $50,000 of notes payable and repaid $35,000 principal relating to notes payable. 4. Common stock was issued for $37,300 cash. 5. Depreciation expense was $18,350, and there were no disposals of equipment. Required: 1. Prepare a statement of cash flows (indirect method) for Beckwith Products. Use a minus sign to indicate any decrease Beckwith Products Company Statement of Cash Flows For the year ending December 31 Theck My Work 1. Use proper form with company name, statement title, and date. Complete three sections for cash flows; operating, investing and finan For operating activities, start with net income and consider any noncash items as well as gains or losses. Next, analyze the changes in th to determine their effect on cash. (Remember to restate the fundamental accounting equation in terms of changes, separate the cash an 2. Compute the following cash-based performance measures: a. Free cash flow b. Cash flow adequacy (Note: Assume that the average amount of debt maturing over the next. 5 years is $85, 000 ). Round ratio to two decimal places. Enter negative values as negative numbers. Feegoack To Chek My Werk 2. Free cash flow represents the cash flow that a company is able to generate after considering capital expenditures and cash dividends: Cash flow adequacy ratio provides a measure of the company's ability to meet its maturing debt obligations with its operating cash flow