Q15

Prepare the statement of cash flow for Special Bakery Ltd. using the indirect method Special Bakery Ltd Balance Sheet As at January 31 2013 2012 Assets Current Assets Cash $500 $11,400 Accounts Receivable $18,200 $8,400 Office Supplies $2,900 $800 $29,100 $15,500 Inventory Total Current Assets $50,700 $36,100 Long-Term Assets Property, Plant & Equipment $182,000 $165,000 Less: Accumulated Depreciation $-29,200 $-18,600 $203,500 $182,500 Total Assets Liabilities Current Liabilities $16,500 $16,500 Long-Term Liabilities $27,000 $39,000 Total Liabilities $43,500 $55,500 Stockholders' Equity Common Stock $64,000 $58,000 Retained earnings $96,000 $69,000 Total Stockholders' Equity $160,000 $127,000 Total Liabilities and Equity $203,500 $182,500