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Rocky Mountain Chocolate Factory manufactures an extensive line of premium chocolate candies for sale at its franchised and combanv-owned stores in malls throutehout the Ilnited

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Rocky Mountain Chocolate Factory manufactures an extensive line of premium chocolate candies for sale at its franchised and combanv-owned stores in malls throutehout the Ilnited States. Its balance sheet as of May 31, the of the first qu cted accounts and transactions: Anabsis of Selected Accounts and Transactions: a. Net income was $163,837. Notes and accounts receivable due after one year relate to operations. b. Depreciation and amortization totaled \$282,205. c. No "other" noncurrent assets (which relate to investing activities) were purchased this period. d. No property, plant, and equipment were sold during the period. No goodwill was acquired or sold. e. Proceeds from issuance of long-term debt were $4,659,466, and principal payments were $2,355,029. (Combine the current maturities with the long-term debt in your analysis.) f. No dividends were declared or paid. s. Ignore the "deferred tax asset" and "deferred income taxes" accounts. Required: Prepare a statement of cash flows for the quarter ended May 31, using the indirect method. Rocky Mountain Chocolate Factory manufactures an extensive line of premium chocolate candies for sale at its franchised and combanv-owned stores in malls throutehout the Ilnited States. Its balance sheet as of May 31, the of the first qu cted accounts and transactions: Anabsis of Selected Accounts and Transactions: a. Net income was $163,837. Notes and accounts receivable due after one year relate to operations. b. Depreciation and amortization totaled \$282,205. c. No "other" noncurrent assets (which relate to investing activities) were purchased this period. d. No property, plant, and equipment were sold during the period. No goodwill was acquired or sold. e. Proceeds from issuance of long-term debt were $4,659,466, and principal payments were $2,355,029. (Combine the current maturities with the long-term debt in your analysis.) f. No dividends were declared or paid. s. Ignore the "deferred tax asset" and "deferred income taxes" accounts. Required: Prepare a statement of cash flows for the quarter ended May 31, using the indirect method

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