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TB Problem 12-199 (Algo) The management team of Wickersham Brothers... The management team of Wickersham Brothers incorporated is preparing its annual financial statements. The statements
TB Problem 12-199 (Algo) The management team of Wickersham Brothers... The management team of Wickersham Brothers incorporated is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized: Other information from the company's reconds includes the following - Booght equipenent for cinh, $59,000 - Paid $11500 on lang term note payable. - Issued new shares of commion stock for $20000 casti - Cash dividends of 519200 were declared and pald to stocholders. - Accounts Peryable arose from inventory purchoses mencedit. Expenses. Prepare the statement of cash flows using the indirect method. Include any supplemental disclosures. (Enter any deductions ond eash outflows as a negative value.)
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