statement of CashFlow (indirect method)

Kalksten Company Comparative Balance Sheets Year Ended December 31, 2001 and 2002 Cash AR Inventory Prepaid Insurance Equipment (Net of Ace Depr) Patent AP 2001 200,000 60.000 12,000 6,000 300.000 90,000 40.000 60 000 6,000 12.000 120.000 200.000 8.000 150.000 72,000 2002 62.000 0.000 20.000 10.000 500.000 20.000 60,000 50.000 9,000 20,000 110,000 100,000 3.000 170.000 220,000 Salary Payable Interest Payable Income Tax Payable Mortgage Payable Bonds Pavable Premium on B/P Common Stock, No Par Retained Eamings Kalksten Company Income Statement For year ending Dec 31, 2002 820.000 -380,000 -100,000 -20,000 46,000 Sales COGS Depreciation Exp Amortization of Patent Other Expenses (PPI, Salaries) Gain (excess of insurance proceeds over BV of equip destroyed) Interest Expense Income Tax Expense Extraordinary Loss (bond retirement net of $1.000 tax) Net Income Other Information: 10,000 -22.000 -72.000 -2,000 188.000 Kalksten doclared $40,000 of dividends in 2002 Equipment (Cost of S100,000, Acc Dep $60,000) was destroved by fire. Proceeds from insurance were $50.000 Bonds were retired on Jan 1, 2002 at 107 Produce Statement of Cash Flows - Indirect Method for 2002