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Sunapee Software Corp. has assembled the following data for the years ending December 31, 20X6 and 20X5. E (Click the icon to view the current
Sunapee Software Corp. has assembled the following data for the years ending December 31, 20X6 and 20X5. E (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Sunapee Software Corp.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities Start by completing the cash flows from operating activities. Then, complete the remaining section of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Sunapee Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 20X6 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities icon - indi Data table December 31 20X6 20X5 Current Accounts: Current assets: Cash and cash equivalents $ 56,800 $ 44,000 Accounts receivable 64,500 69,300 9,300 Inventories 86,000 Prepaid expenses 3,400 1,500 Current liabilities: $ 10,400 $ 55,500 Accounts payable Income tax payable 18,700 16,400 Accrued liabilities 15,400 27,700 Print Done Sunapee Software Corp. has assembled the following data for the years ending December 31, 20X6 and 20X5. E (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Sunapee Software Corp.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities Start by completing the cash flows from operating activities. Then, complete the remaining section of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Sunapee Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 20X6 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities icon - indi Data table December 31 20X6 20X5 Current Accounts: Current assets: Cash and cash equivalents $ 56,800 $ 44,000 Accounts receivable 64,500 69,300 9,300 Inventories 86,000 Prepaid expenses 3,400 1,500 Current liabilities: $ 10,400 $ 55,500 Accounts payable Income tax payable 18,700 16,400 Accrued liabilities 15,400 27,700 Print Done
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