Use the Affordable Supply Corp. data from Problem.

Requirements
1. Prepare the 2010 statement of cash flows by using the direct method.
2. How will what you learned in this problem help you evaluate aninvestment?

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Affordable Supply Corp. Comparative Balance Sheets December 31, 2010 Increase 2009 Decrease Current assets: Cash and cash equivalents. Accounts receivable... 17,300 4,000 13,300 45,700 44,500 1,200 61,400 47,000 14,400 Prepaid expense Land Equipment, net 1,800 3,900 (2,100) Plant assets: 69,100 22,600 46,500 53,100 49,500 3,600 S248,400 $171,500 $76,900 Total a Current liabilities: Accounts payable.35,200 26,900 $ 8,300 24,000 13,100 10,900 Salary payable liabilities 22,100 23,700 (1,600) Long-term liabilities: Notes payable 51,000 34,000 17,000 Stockholders' equity: 88,600 65,900 22,700 19,600 Total liabilities and stockholders' equity. 248,400 17100 76,900 Common stock, no-par... Retained earnings 300 27,500 Affordable Supply Corp. Income Statement Year Ended December 31, 2010 Revenues: Sales revenue $446,000 Expenses: $186,600 76,000 17,700 49,700 24,100 29,000 Cost of goods sold Salary expense Depreciation expense interest expense Income tax expense . 383,100 62,900 Total expense