Question 26 50 pts Use the following information to prepare the 2019 statement of cash flows for XYZ, Inc. using the indirect method. Be sure to properly format the statement. NOTES FOR SUBMISSION: allow time for the upload. Unlike the first exam, this should be a one page answer (and easily fit on one page) so however you upload should work just fine. As before, excel would be a time saver and is easier to grade and provide feedback when grading... but is NOT mandatory. Use the following information to prepare the 2019 statement of cash flows for XYZ, Inc. using the indirect method. Be sure to properly format the statement. Cash Accounts receivable Inventory Prepaid expenses Fixed assets Accumulated depreciation Accounts payable Debt Common stock Retained earnings 2019 72,000 40,000 205,000 10,000 775,000 205,000 150,000 662,000 10,000 75,000 2018 65,000 60,000 210,000 15,000 710,000 180,000 165,000 645,000 10,000 60,000 Net income Dividends Depreciation expense 2019 25,000 10,000 25,000 Fixed asset purchases Debt borrowed Debt repaid 65,000 297,000 280,000 Upload Choose a File