Soltermann Inc. began operations on January 1, 2010. Its post.closing trial balance st December 31, Problem 19-11A 2010 and 2011, is shown below along with some other information Cash flow statement (indirect method) LOS,6 - 2010 5784 COD Soltermann Inc. Balance Sheet December 31 Account 2011 Cash $ 78,000 96.000 Recevables $2,000 100 Merchandise inventory 34,000 001 DO Property, plant and equipment 288,000 238,000 Accumulated amortization 80,000 66,000 Accounts payable 62,000 78,000 Accrued liabilities 74,000 8,000 Long-term notes payable 122,000 50,000 Common shares. 62,000 10,000 Retained earnings 112,000 204,000 Soltermann Inc. Inrome Statement For Year Ended December 31, 2011 Revenues Sales Expensus and other Cost of goods sold $604,000 Other expenses 194,000 Amortization excense 37,000 Low on sale of plant assets. 26 000 Total expenses and other Net loss...... 856,000 5 72.000 Other information regarding Soltermann 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 were sold during the year. 4. Plant assets worth $124,000 were purchased during the year by paying cash of $40,000 and issuing a long-term note payable for the balance. Required Using the information provided, prepare a cash flow statement (applying the indirect method) for the year ended December 31, 2011 Check figure: Net cash outflow from investing activities, $10,000 Som in began operations on juary 1, 2010. Ispostdoing balance December 31, Problem 19-11A 2010 und 2011, shown below along with some other information indirect method LOL Account Cash Merchandisery Property plant and equipment S4.000 December 31 2011 2010 $ 7.000 196000 52,000 M.000 14,000 44.000 280,000 211,000 80,000 66,000 62.000 14.000 2.000 122.000 50.000 62.000 10.000 112.000 204.000 Der Accept 5804,000 194.000 12.000 Long-term ctes pel Common shares and emings S72.000 Other formation regarding Sorma Inc. and is the during 2011 1. As coreale 2 Cash dividends were declared and paid during the yea 3. Plants were sold during the year 4. Perts worth 124,000 were purchased during the year by paying cash of 540.000 and sing a long-term paytle for the balance Required Chad Using the information provided prepare flow statement applying the indeed the forreth wrom investing the year anded December 31, 2011 Guthrie Inc. began operations on January 1, 2010. a potosing wance December Problem 19-113 2010 and 2011. is shown below along with some other Womation direct method LOL Catherine For Yearded Dec 31, 2011 $1,234.000 Guthrie Inc. Post-Closing Trial Balance December 31 Account 2011 2010 Cash 5158,000 5165,000 Receivables 304,000 321,000 Merchandise Inventory 108.000 97,000 Property plant and equipment 746,000 681,000 Accumulated amortization 419,000 414,000 Accounts payable 197.000 195,000 Accrued Babies 14,000 18,000 Long-term notes payable 285.000 188,000 Common shares 200,000 200,000 Retained earnings 198,000 247,000 Expenses and other Cost of goods sold Other expenses Amortation expense Canon sale of plante Total expenses and other 65,000 1.300,00 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. Patasets were sold during the year Required Chedere Using the information provided, prepare a cash flow statement applying the Indirect method for each now on investing the year ended December 31, 2011 , 40.000