what is the supplemental disclosures ?

The management team of Wickersham Brothers Inc is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized Balance Sheet Current Year Prilor Year Assets Cash Accounts receivable 5.87,300 $107.100 116,000 Merchandise Inventory 101,500 87,000 Property and equipment 14,250 164,000 87.000 Less: Accumulated depreciation (46,960) Total assets $407,340 $365,850 Liabilities: Accounts payable $14,500 $ 11,400 Salaries and Wages Payable 2,900 1,450 Totes payable, long-tere 72,500 37,000 Shareholders' Equity! Common shares 136,000 116.000 181,440 145.000 Retained earnings 5407,310 5.365, Total 11abilities and shareholders equity Income Statement $300,000 Sales 200,000 Cost of goods sold 22,960 Depreciation expense Other expenses $ 63,040 Niet-income 95.000 Other information from the company's records includes the following Bought equipment for cash. $77000 Tolong term note payable. Help Other information from the company's records includes the following Bought equipment for cash, $77,000 Paid $14.500 on long-term note payable Issued new shares of common shares for $20,000 cash Cash dividends of $24.600 were declared and paid to shareholders Accounts Payable arose from inventory purchases on credit Income tax expense ($15.510) and interest expense (54,350) were paid in full at the end of both years and are included in Other Expenses Required: a. Prepare the staternent of cash flows using the Indirect method Include any supplemenital disclosures (Enter any deductions and cash outflows as a negative value.) WICKERSHAM BROTHERS Inc. Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities Net income 62040 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense 22.000 Changes in current assets and current babes Accounts Receivable 114500 INCRS Inc. Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net income 62.040 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Expense 22.960 Changes in current assets and current liabilites: Accounts Receivable (14.500) Inventories 7.250 Accounts Payable (2.900) Salaries and Wages Payable 1.450 S 76,300 Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Equipment $ (77.000) $ (77,000) S Net Cash Used in Investing Activities Cash Flows from Financing Activities: Notes Payable (short-term) Proceeds from issuance of Shares Payment of cash dividends (14,500) 20.000 (24,600) S Net Cash Provided by Financing Activities Net Decrease in Cash and Cash Equivalents Cash and Cash Equivalents, beginning of period Cash and Cash Equivalents, end of period Supplemental Disclosures (19.100) (19,800) 107.100 87,300 $