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Use the following financial statements and additional information Sales Cost of goods sold Gross Operating expenses expense Other expenses Total operating expenses Other gains (
Use the following financial statements and additional information
Sales Cost of goods sold Gross Operating expenses expense Other expenses Total operating expenses Other gains ( losses) Cain on sale of Income before Income taxes expense Net inco Additional Information use the following financial statements and additional information. STREAMLINE INCORPORATED Comparative Balance Sheets June 2021 and 2020 242. ico 195.200 coo 000) 02, OOO $ 26.000 $ 32, 000 119.200 240.000 ooo 772,000 472,000 300,000 66,000 , ooo , 900 i i 3,040 Requirement General Journal General 7121 Balance orect meth0d Ledger Indirect Assets Cash Accounts receivable , Prepaid expenses Total Current Equipment 2020 000 g, 000 6. 100 $ 319,200 000 S 200 S', 200 65, COO COO $ 319.200 Prepare the Statement ot Cash flows for the year ended June 30, 2021 using the D account on the General Ledger tab to identity the sources and uses of cash. Li net 2021 $ 100,200 IJ.OCC 63. OCO 4,900 1.000 JJ. occ CCC values. Unadjusted STREAMLINE *CORPORATED Statement of Cash Flows (Direct Method) For year Ended June 30.2021 Cash from operatjr.g Cash trom investing activities: Cash trom financing activities: General Requirement hurnal General Trial Balance Dlrect Method Ledger Indirect Method Accumulated Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable long tern) Total Egui ty Co..n stock, $5 par value Retained earnings Total Liabilities and equity STREAHLIXE IXORPOBATED Ineor Yor Year June 30, 2021 Prepare the operating activities section ot the statement of cash nows using the indirect method. Ente to net cash provided by operating activities as negative values. Unadjusted Statement of Cash Flows (Indirect Method) Cash from operatirg actwnies: Adjustments to net income to net cash provided by operatirg ctr.
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