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Who can slove this questions?thank you very much Term Project Cash Flows from Operations (Indirect Method) The following combined comprehensive income and statement of retained
Who can slove this questions?thank you very much
Term Project Cash Flows from Operations (Indirect Method) The following combined comprehensive income and statement of retained earnings, along with selected balance sheet data are provided for Liu Company. Assume that interest received and dividends paid are classified as operating and financing cash flows, respectively U Company Combined Statement of Comprehensive Income and statement of Retained Earnings For the Year Ended December 31, 2018 5110,000 8,000 $118.000 Net sales revenue Other revenues Tots revenues Expenses Cost of goods sold Seling and administrative expenses Depreciation expense Interest expense Total expenses Income before income tax Income tax Net Income Retained earnings, January 1, 2018 $60,000 20,200 10,400 6,200 96,800 $ 21,200 9,360 $ 11,840 33,500 $145,340 4,000 S 41,340 Dividends declared and paid Retained earnings, December 31, 2018 "Gain on sale of equipment cost, $15,000, carrying amount, $2.000 price, S10,0001 There is no other comprehensae Income Beginning of Year End of Year Accounts receivable fnet) Inventory Prepaid expenses Accounts payable Interest payable Income tax payable $14, 300 18.800 2,950 9,200 2.750 4,200 $13,000 20,000 3.100 9,000 3.000 4,500 Required: Based on the information provided, prepare a statement of cash flows for Liu Company for the year ended December 31, 2018. . Use the indirect methode Cash balance Beginning cash balance Ending cash balance $6,000 $26,540 Interest paid and dividends paid are classified as operating and financing cash flows, respectively Step by Step Solution
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