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Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Add cost of goods

Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.

Amount Descriptions

Add cost of goods sold
Decrease in accounts payable
Decrease in accounts receivable
Decrease in inventory
Decrease in wages payable
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in inventory
Increase in retained earnings
Increase in wages payable
Net cash from financing activities
Net cash from investing activities
Net cash from operating activities
Net decrease in cash
Net income
Net loss
Net increase in cash
Purchase of common stock
Purchase of equipment
Sale of common stock
Sale of equipment

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Prepare a statement of cash flows using the indirect method. (Note: Begin by entering the applicable income statement amounts as presented above. Use a minus sign to indicate a negative amount. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.)

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At the end of 202, Roberts purchased some additional equipment for $20,000. Roberts Company Balance Sheets \begin{tabular}{|c|l|r|r|} \hline 1 & & 201 & 202 \\ \hline 2 & Assets: & & \\ \hline 3 & Cash & $23,000.00 & $7,000.00 \\ \hline 4 & Accounts receivable & 7,600.00 & 9,600.00 \\ \hline 5 & Inventory & 20,800.00 & 18,000.00 \\ \hline 6 & Plant and equipment & 40,000.00 & 60,000.00 \\ \hline 7 & Accumulated depreciation & (10,000.00) & (16,000.00) \\ \hline 8 & Total assets & $81,400.00 & $78,600.00 \\ \hline 9 & Liabilities and equity: & & \\ \hline 10 & Accounts payable & $4,800.00 & $3,200.00 \\ \hline 11 & Wages payable & 1,200.00 & 800.00 \\ \hline 12 & Common stock & 50,000.00 & 50,000.00 \\ \hline 13 & Retained earnings & 25,400.00 & 24,600.00 \\ \hline 14 & Total liabilities and equity & $81,400.00 & $78,600.00 \\ \hline \end{tabular} Statement of Cash Flows, Indirect Method Shaded cells have feedback. Roberts Company Score: 18/89 Statement of Cash Flows Cash flows from operating activities: 2 Net loss 5 Add (deduct) adjusting items: \begin{tabular}{|r|r|r|r|} \hline 4 & & 6,000.00 \\ \hline 5 & & & \\ \hline 6 & & 2,000.00 & \\ \hline 7 & & 2,800.00 \\ \hline 8 & & 1,600.00 & \\ \hline 9 & & & $3,000.00 \\ \hline 10 & Cash flows from investing activities: & & \\ \hline 11 & purchase Equipment & & $20,000.00 \\ \hline 12 & & & $23,000.00 \\ \hline \end{tabular}

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