Siretructions 1 Uning the information below, create an Indirect Method Statement of Cash Flows. 72) Complete your statement of Cash Flows (SC) in the worksheet labeled "SCF Answer". I do not need to see your work, just the final completed SCF Upload the completed SCF to the D2 Assignments dropbox for Quiz 12 within one hour of your quiz start time 4 This quite is open book, but you may not receive or provide help to anyone else. Doing so constitutes academic dishonesty with a minimum penalty of zero on this quiz 10 11 12. YOU WILL HAVE 60 MINUTES TO COMPLETE THE STATEMENT OF CASH FLOWS IN GOOD FORM AND UPLOAD THIS EXCEL DOCUMENT BACK TO D2L ASSIGNMENTS. ta 14 Cooper LLC 15 Balance Sheet and income Statement Data 16 12 12/31/200 12/31/2019 19 Current Assets 19 Cash 5 6,1005 7.100 20 Accounts Receivable 51,500 51.000 Inventory 44,800 63.900 22 Total Current Assets 112.400 322.000 25 24 Property. Plant, and Equipment 155,200 129.900 Less: Accumulated Depreciation (35,200) 124,800) 26 Land 30.500 67,700 27 Total Assets 5 313,000 S 294800 28 Current Liabilities 10 Accounts Payable 5 45.500 5 39,800 31 We Payable 12.000 9.900 32 Long Term Notes Payable 68100 78.800 38 Total abilities 125.900 128500 34 Quia Information SCF Antwer B D Current Liabilities Accounts Payable Wages Payable Long Term Notes Payable Total Liabilities $ 45,800 S 39,800 12.000 9,900 68,100 78,800 125,900 128,500 29 30 31 32 33 14 35 36 37 3H 19 40 41 Stockholders' Equity Common Stock 130,000 130,000 Retained Earnings 57.100 36,300 Total Stockholders' Equity 187,100 166,300 Total abilities & Stockholders' Equity S 313,000 5.294,800 45 Sales Revenue Lets Cost of Goods Sold Gross Profit Operating Expenses Operating income Interest Expense Gain on Sale of Equipment Incone Before Taxes Les Income Tax Expense $138.200 174,500 163,700 (120,800 42.900 (11.400) 2,000 33,500 6.700 Additional information 1)The company sold equipment that had an original cost of $20,200 and a book value of 21 There have been no sales of land during the year Depreciation expense is included in operating expenses 4) There have been no additional borrowings under the long term note payable. 5) There has been no repurchase of treasury stock 6) Dividends were declared and paid during 2020 47 49 Name: B C A Cooper LLC Statement of Cash Flows For the Year Ended 12/31/20 Cash From Operating Activities 2 3 4 15 16 17 18 19 20 21 22 Cash From Investing Activities 23 24 25 26 27 28 29 Cash From Financing Activities 30 31 32 33 24 15 16 17 18 19 20 21 22 Cash From Investing Activities 23 24 25 26 27 28 29 Cash From Financing Activities 30 31 32 33 34 35 Net Change in Cash 36 Cash at the Beginning of the Period 37 Cash at the End of the Period 38 39 40 41 42 43
