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Using the following information prepare a statement of cash flows using the indirect method Curry Company Comparative Balance Sheet As of December 31, 2012 2012
Using the following information prepare a statement of cash flows using | ||||||||||
the indirect method | ||||||||||
Curry Company | ||||||||||
Comparative Balance Sheet | ||||||||||
As of December 31, 2012 | ||||||||||
2012 | 2011 | |||||||||
Cash | $ 28,250 | $ 20,000 | ||||||||
Accounts Receivable | $ 75,000 | $ 58,000 | ||||||||
Inventory | $202,000 | $ 250,000 | ||||||||
Plant assets | $600,000 | $ 502,000 | ||||||||
Accumulated Depreciation - Plant assets | ||||||||||
$150,000 | $ 125,000 | |||||||||
Total assets | $755,250 | $ 705,000 | ||||||||
Accounts payable | $123,000 | $ 115,000 | ||||||||
Salaries and wages payable | $ 47,250 | $ 72,000 | ||||||||
Bonds payable | $ 70,000 | $ 118,000 | ||||||||
Common stock, $10 par | $370,000 | $ 280,000 | ||||||||
Retained earnings | $145,000 | $ 120,000 | ||||||||
Total liabilities and stockholder's equity | $755,250 | $ 705,000 | ||||||||
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