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Complete the following Spreadsheet for the preparation of statement of cash flows under the Indirect method. (The statement of cash flows is not required.) (Enter
Complete the following Spreadsheet for the preparation of statement of cash flows under the Indirect method. (The statement of cash flows is not required.) (Enter all amounts os positive values.) Additional information: a. Net income for the year was $105,000 b. Dividends of $90,000 cash were declared and paid. c. The only noncash expense was $75,000 of depreciation. d. Purchased plant assets for $75,000 cash. e. Notes payable of $25,000 were issued for $25,000 cash. f. $75,000 increase in accounts receivable. g. $25.000 decrease in inventory. h. $15,000 decrease in accounts payable. 11. PUUvuutuse il dccounts payable. SCORE TECK CORPORATION Dec 31, 2019 Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Analysis of Changes Dec 31, 2018 Debit Credit Balance Sheet Debit Bal Accounts Cash 95,000 Accounts receivable 125.000 Inventory 260,000 Plant assets 605,000 $ 1,085,000 70,000 200,000 235,000 680,000 1,185,000 $ $ $ Balance Sheet-Credit Bal Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings 105,000 160,000 375,000 205,000 240,000 1,085,000 180,000 145,000 400,000 205,000 255,000 1,185,000 $ $ Notes payable Common stock Retained earings 375,000 205,000 240,000 1,085,000 400,000 205,000 255,000 1.185,000 $ $ Statement of Cash Flows Operating activities Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in accounts payable Investing activities Cash paid to purchase plant assets Financing activities Cash from issuance of notes payable $ (25000) $
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