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The manigement tesm of Wickershem Brothers Incorporsted is preparing its snnusi fins cislstatements. The statement; ore complete except for the ststement of csan flows. The
The manigement tesm of Wickershem Brothers Incorporsted is preparing its snnusi fins cislstatements. The statement; ore complete except for the ststement of csan flows. The completed compsrative oslance sheets ond licome stetements sie summorized. Other informstion from the compeny's records includes the fallowing: - Bought equipnent for cash, $107,000. - Paid $19,500 on long-term nate poysble - ksued new sharea af cammon stock for $20.000csan. - Cosh divieends of $33,800 were declared and paid to stockholders. - Accounti Psysble aroae from inventory purcheses an crecit. - Income tsx expense 1825,970) snd interest expense ($5,950) were osid in ful st the end of both yesrs snd sre ins uced in Other Expeniea. Required: c. Prepsre the ststement of csan flowg using the incliect method. helude any supplenentsi olicloaurez (Enter sny deductions and cash outtlows as a negative value.) The manigement tesm of Wickershem Brothers Incorporsted is preparing its snnusi fins cislstatements. The statement; ore complete except for the ststement of csan flows. The completed compsrative oslance sheets ond licome stetements sie summorized. Other informstion from the compeny's records includes the fallowing: - Bought equipnent for cash, $107,000. - Paid $19,500 on long-term nate poysble - ksued new sharea af cammon stock for $20.000csan. - Cosh divieends of $33,800 were declared and paid to stockholders. - Accounti Psysble aroae from inventory purcheses an crecit. - Income tsx expense 1825,970) snd interest expense ($5,950) were osid in ful st the end of both yesrs snd sre ins uced in Other Expeniea. Required: c. Prepsre the ststement of csan flowg using the incliect method. helude any supplenentsi olicloaurez (Enter sny deductions and cash outtlows as a negative value.)
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