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the template is also asking for identifying transaction numbers on the Spreadsheet for Statement of Cash Flows. Thank you 081.2 Net cash flow from The
the template is also asking for identifying transaction numbers on the Spreadsheet for Statement of Cash Flows. Thank you
081.2 Net cash flow from The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 208a Dec. 31, 20Y8 Dec. 31, 20Y7 PR 16-2A Statement of cash flows-indirect method and operating activities $225,000 Assets $ 80,000 100000 300,000 400,000 10,000 750,000 (200,000)(160,000 51,750,000$1,400,000 Cash . . . 275,000 510,000 15,000 1,070,000 Excel Merchandise inventory Prepaid expenses Show Me How Total assets Chapter 16 Statement of Cash Flows809 Dec. 31, 20Y8 Dec. 31, 20Y7 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $100,000 90,000 400,000 200,000 100,000 610,000 . . . Common stock, $10 par.... Paid-in capital: Excess of issue price over par-common stock. Retained earnings. . . 600,000 300,000 750,000 Total liabilities and stockholders' equity... 51.750,000 51.400,000 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $190,000. b. Depreciation reported on the income statement, $115,000. c. Equipment was purchased at a cost of $395,00o, and fully depreciated equipment costing $75,000 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e. 40,000 shares of common stock were issued at $15 for cash. f. Cash dividends declared and paid, $50,000. Instructions Prepare a statement of cash flows, using the indirect methodStep by Step Solution
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