Schemarnir began operations on January 1, 2010. Its post coding trial balance at December 31, Problem 19-11A 2010 and 2011, is shown below along with some other information Cash flow statement indirect method) LOL Soltermann Inc Account 5784,000 Receivables Merchandise inventory Property plant and equipment Accumulated artisation Accounts payable Accrued liabilities Long term ots payable Common shares Retained earnings December 31 2011 2010 $ 78,000 $9,000 52,000 38,000 34,000 44,000 285,000 238.000 80,000 66.000 62.000 78.000 14,000 8,000 122,000 50,000 62,000 10,000 112,000 204,000 Soltermann Inc. Income Statement For Year Ended December 31, 2011 Revenue Sales Expenses and other Cost of goods sold 5604,000 Other expenses 194,000 Amortization expense 32.000 Low on sale of punta 26.000 Total expenses and other Net loss 856.000 $22.000 Other Information regarding Soltermann Inc. and its activities during 2011: 1. Assume al accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Mart assets were sold during the year 4. Mart assets worth $12,000 were purchased during the year by paying cash of $40,000 and issuing a long term note payable for the balance. Required Check figure Using the information provided, prepare a cash flow statement applying the indirect method for Netcah outlaw from investing the year ended December 31, 2011 activities, 510,000 Guthrie Inc. began operations on January 1, 2010. Its post-closing trial balance at December 31. Problem 19-118 2010 and 2011, is shown below along with some other information Cash flow statement (indirect method) LORE Guthrie Inc. Income Statement For Year Ended December 31, 2011 Revenues $1,284,000 Guthrie Inc. Post-Closing Trial Balance December 31 Account 2011 2010 Canh 5158,000 5163,000 Receivables 304,000 371.000 Merchandise inwertory 108.000 97,000 Property, plant and equipment 746,000 681,000 Accumulated amotination 119,000 414,000 Accounts payable 195,000 Accruedas 14000 18,000 Long-term notes payable 288,000 185,000 Common shares 200,000 200,000 Retained earnings 198,000 247,000 Expenses and other Cost of goods sold Other expenses Amortization expense Gain on sale of plantas Total expenses and other Net loss $859.000 419,000 45,000 (20,000) 197.000 1.101.000 319,000 Other information regarding Guthrie Inc. and its activities during 2011: 1. Assume all accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Plant assets worth $175,000 were purchased during the year by paying cash of $50,000 and issuing a long term note payable for the balance. 4. Mantassets were sold during the year Required Check figure Using the information provided, prepare a cash flow statement applying the indirect method for Net cashirflow from investing the year ended December 11, 2011 active 540,000
