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The comparative balance sheet for Crane Adventures Ltd . , a private company reporting under ASPE, follows:CRANE ADVENTURES LTD . Balance SheetDecember 3 1 AssetsCashAccounts
The comparative balance sheet for Crane Adventures Ltd a private company reporting under ASPE, follows:CRANE ADVENTURES LTDBalance SheetDecember AssetsCashAccounts receivableInventoryPrepaid expensesLandEquipmentAccumulated depreciationTotal assetsdeg Type here to search$$$$Liabilities and Shareholders' EquityAccounts payable$$Dividends payableIncome tax payable Bonds payableCommon sharesRetained earningsTotal liabilities and shareholders' equity$$Additional information: Profit for was $ Bonds payable of $ were retired at maturity Common shares were issued for $ Land was sold at a loss of $ No equipment was sold during Net sales for the year were $ Cost of goods sold for the year was $ Operating expenses not including depreciation expense were $ Interest expense was $ Income tax expense was $Prepare a cash flow statement using the direct method. Show amounts that decrease cash flow with either a sign eg or in parenthesis egCRANE ADVENTURES LTDCash Flow Statement Direct Method
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