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Sales Cost of goods sold Depreciation expense Other operating expenses Interest expense Other gains (losses): Loss on sale of machinery Income before taxes Income
Sales Cost of goods sold Depreciation expense Other operating expenses Interest expense Other gains (losses): Loss on sale of machinery Income before taxes Income taxes expense Net income Additional information: Nike Company Income Statement For Year Ended December 31, 2015 $422,100 $84,180 29,310 35,000 2,098 (138,000) (9,458) 345,312 11.190 (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. Cash Accounts Accounts Debit Credit Debit Credit (2) Old machinery used to manufacture toothpaste was purchased with an original cost of $63,890 was sold for $5,900 cash. Accounts Debit Credit (3) New machinery was purchased for $73,890 cash to replace a broken machine. Accounts Debit Credit (4) Cash dividends of $23,078 were paid. Accounts Debit Credit (5) Additional shares of stock were issued for cash. Accounts Debit Credit Prepare a complete statement of cash flows for calendar-year 2015 using the indirect method. Cash Flows from activities: Net cash Cash Flows from activities: Net cash by Cash Flows from activities: Net cash by Net Cash in cash at the of the year at the of the year
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