Styles Q No 2. Prepare cash flow statement using indirect method with classification of operating, investing, and financing A) ADC CO. Barance Sncets Account 2000 1999 Cash $100,000 $130,000 Accounts Receivable 420,000 460,000 Inventory 800,000 700,000 Prepaid Rent 70,000 50,000 PP & E 1,000,000 800,000 Total Assets $2,390,000 $2,140,000 Accounts Payable $300,000 $360,000 Accrued Wages 175,000 120.000 Stockholders Equity 1,915,000 1,660,000 Total Liab & S.E. $2,390,000 $2.140,000 ABC Co.'s Income Statement 2000 Sales $5,000,000 Cost of Goods Sold 3.500.000 Gross Margin S1,500,000 Rent Expense Wage Expense Depreciation Expense Net Income $240,000 800.000 150.000 $310.000 B) methods. 2000 1999 Cash Accounts receivable Prepaid insurance Inventory Fixed assets Accumulated Depreciation Total assets $4,000 25,000 5,000 37,000 316,000 (45.000 342.000 $14,000 32,500 7,000 34,000 270.000 (30,000) 3274500 Accounts payable Wages payable Note payable Capital stock Retained earnings Total Liabilities & Equity $18,000 $16.000 4,000 7,000 173,000 160,000 88,000 84.000 59,000 60.500 342.000 327.500 2000 $200,000 (123,000) (15.000) (11,000) (50,000) 1.000 Sales Cost of goods sold Depreciation expense Insurance expense Wage Expense Net Income C