The income statement and additional data of Taylor Services, Inc., follow: LOADING...(Click the icon to view the income statement.)LOADING...(Click the icon to view the additional data.) Read the requirementsLOADING.... Requirement 1. Prepare Taylor Services' statement of cash flows for the year ended November 30, 2018, using the indirect method. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Taylor Services, Inc. Statement of Cash Flows Year Ended November 30, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer.Please provide the way that you were solving in details to NOTES:
still there is 6 parts more for this question. after you provide me the first part , i will send you other parts.
i Data Table Taylor services, Inc. Income Statement Year Ended November 30, 2018 sing the parenthe Revenues: Sales revenue $ 238,000 8,000 Dividend revenue Total revenues $ 246,000 $ Expenses: Cost of goods sold Salaries expense Depreciation expense Advertising expense Interest expense 104,000 40,000 27,000 8,000 5,000 10,000 Income tax expense 194,000 Total expenses 52,000 Net income Additional data: a. Acquisition of fixed assets totaled $69,000. Of this amount, $55,000 was paid in cash; a $14,000 note payable was signed for the remainder b. Proceeds from the sale of land totaled $26,000. No gain or loss was recognized on the sale. c. Proceeds from issuance of common stock totaled $32,000. d. Payment of long-term note payable was $8,000. e. Payment of dividends was $11,000. f. Data from the comparative balance sheet follow: 2017 $ November 30 2018 Current Assets: .......... $ 80,000 Accounts receivable ...... 51,000 Inventory 91,000 Current Liabilities: Accounts payable............$ 34,000 Accrued liabilities ......... 21,000 19,000 61,000 77,000 $ 22,000 31.000 i Requirements 1. Prepare Taylor Services' statement of cash flows for the year ended November 30, 2018, using the indirect method. 2. Calculate Taylor Services' free cash flow for the year ended November 30, 2018 3. Evaluate Taylor Services' cash flows for the year. In your evaluation, mention all three categories of cash flows as well as free cash flow and give the reason(s) for your evaluation. Print [Done Print Done The income statement and additional data of Taylor Services, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data Read the requirements i Data Table Requirement 1. Prepare Taylor Services' statement of cash flows for the year ended November Complete the statement one section at a time, beginning with the cash flows from operating activ subtracted.) Taylor services, Inc. Income Statement Year Ended November 30, 2018 Taylor Services, Inc. Statement of Cash Flows Year Ended November 30, 2018 Revenues: Sales revenue $ 238,000 8,000 $ 246,000 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Dividend revenue Total revenues Expenses: Cost of goods sold Salaries expense Depreciation expense 104,000 40,000 27,000 8,000 Advertising expense Interest expense 5,000 10,000 Income tax expense Choose from any list or enter any number in the input fields and then click Check Answer. Total expenses 194,000 52,000 $ Net income parts O remaining Clear All The income statement and additional data of Taylor Services, Inc., follow: E: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Taylor Services, Inc. Statement of Cash Flows Year Ended November 30, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities
