Veek One : Chapter 1 & Appendix : Problems 1 of 2 (2 complete) HW Score ar to) have assembled the following data for the year ended December 31, 2016: current accounts.) (Click the icon to view the transaction data.) of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing Data Table State: Year End Activities: 2016 2015 Current Assets: Cash $ 78,800 $ 63,800 e Net Income Operating Activ se ding nts Receivable 17,000 68,800 76,000 88,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable $ 58,100 $ 55,700 14,200 17,200 indise Inventory ts Payable e Tax Payable Print Done Used for) Operating CVTES enter any number in the input fields and then click Check Answer. Clear All Check A ET 1090 V0852) is based on Custom MyAccountingLab for ACCTG 1090 for Macomb Community College UE Question Help 5-33A (similar to) ats for Morston, Inc. have assembled the following data for the year ended December 31, 2016: the icon to view the current accounts.) (Click the icon to view the transaction data.) Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Morston, Inc. 0 More Info Flows Income $ 50,100 49.000 ustment wided by Deprec Gain of Decrea Transaction Data for 2016: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 35,000 Payment of notes payable 22,000 Payment of cash dividends 79,000 Issuance of notes payable to borrow cash 117,000 Gain on sale of building 56.000 Net income 67,000 4,500 67,500 Increas Increase Print Done Decreat 77,400 et Cash Provided by (Used for) Operating Activities ose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer This course (ACCT 1090 VO852) is based on Custom My Accountinglab for ACCTG 1090 for Macomb Community College 80 DIL ada F FA & 3 4 5 6 7 8 9 E R. T Y 0 ACCT 1090 V0852 Homework: Week One : Chapter 1 & Appendix Score: 0.43 of 1 pt 1 of 2 (2 complete) % P16-33A (similar to) Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2016: (Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non- Morston, Inc. Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: 67,500 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 22,000 Gain on Sale of Building (4,500) Decrease in Accounts Receivable 5,000 Increase in Merchandise Inventory (12.000) Increase in Accounts Payable 2,400 Decrease in Income Tax Payable (3,000) 9,900 Net Cash Provided by (Used for) Operating Activities Net Income $ $ 77,400 Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All This course (ACCT 1090 V0852) is based on Custom MyAccountingLab for ACCTG 1090 for Macomb Community Homework: Week One : Chapter 1 & Appen Score: 0.43 of 1 pt 1 of 2 (2 complete) %x P16-33A (similar to) Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2016: (Click the icon to view the current accounts.) Click the icon to view the transaction data.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of Provided by (Used for) Operating Activities: Depreciation Expense 22,000 Gain on Sale of Building (4,500) Decrease in Accounts Receivable 5,000 Increase in Merchandise Inventory (12,010) Increase in Accounts Payable 2,400 Decrease in Income Tax Payable (3,000) 9,900 Net Cash Provided by (Used for) Operating Activities 77,400 Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Choose from any list or enter any number in the input fields and then click Check Answer. 2 remaining Clear All parts This course (ACCT 1090 VO852) is based on Custom MyAccountingLab for ACCTG 1090 for Macomb Commu