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Use the following excerpts from Zowleski Company's financial information.. Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depredation Total Accounts Payable tes Payable Dec. 31,
Use the following excerpts from Zowleski Company's financial information.. Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depredation Total Accounts Payable tes Payable Dec. 31, 2010 $94,000 Dec. 31, 2017 $85,000 21,800 22,700 139,000 131,000 190,000 155,000 (25,000) (21,000) $419,800 $372,700 $19,000 $21,000 140,500 120,000 mmon Stock 20,000 20,000 Retained Earnings 240,300 211,700 Total Liabilities and Equity $419,800 $372,700 Additional Information: Net Income for 2018 $28,600 Depreciation Expense for 2018 (Accumulated Depreciation Increase) 4,000 Plant Assets Purchased (Plant Assets Increase), Finance by Note 35,000 Notes Payable Increased by Amount of Plant Assets Purchase 35,000 Notes Payable Decreased by Amount of Principal Note Payments 14,500 Prepare a statement of cash flows (indirect method) for the year 2010. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Zowleski Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities Net Cash Flow from Operating Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities Noocash Investing and Financing Activities 0 10 0000 00
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