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The accounting records provide the following information. Prepare an INDIRECT Cash Flow Statement as the end of Year 2. Buffalo Wild Wings Corp. Balance Sheet
The accounting records provide the following information. Prepare an INDIRECT Cash Flow Statement as the end of Year 2. Buffalo Wild Wings Corp. Balance Sheet Year 1 Year 2 End of Year 2 Cash 880 652 Accounts Receivable 2,640 1,840 Merchandise inventory 880 2,640 Equipment, net 15,840 19,280 Total assets 20,240 24,412 Accounts payable 2,420 2,192 Salaries payable 440 220 Bonds Payable 5,280 6,160 Common Stock (no-par) 9,680 10,560 Retained earnings 2,420 5,280 Total liabilities and stockholder's equity 20,240 24,412 Total liabilities and stockholder's equity 20,240 24,412 Buffalo Wild Wings Corp. Income Statement For Year 2 Revenues 26,400 Cost of goods sold 14,960 Depreciation 3,600 Other expenses 3,388 Net Income 4,452 1. Equipment was sold for its book value of 3,520 2. Equipment purchased during the year was 10,560 3. Cash dividends declared and paid were 1,592
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