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Prepare a cash flow statement using the indirect method

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Reference no: EM131816380

Anderson Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. As customary, the most recent data is in the first column.

 

 

2012

12-31-2011

Balance Sheets

12-31

 

$         E

0.000 0.000 0.000 5.000)

$ 20.000

134.000

105.000

27.000

Cash

Inventory

1E

 

 

Equipment

 

Accumulated depreciation

(2

 

 

5.000

$ 232.000

 

2E

 

$ 75.000

180.000 20.000 10.000

$ 96.000

110.000

19,000

7.000

Accounts payable

Bonds payable (due in 7 years.) Common stock

Retained earnings

 

$        285.000

$      232,000

Additional Information:
Net income for 2012 was $6,000.
No equipment was disposed of during 2012.

Required:
Prepare a Cash Flow Statement using the indirect method.

Reference no: EM131816380

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