Reference no: EM132545091
Accountants for Creve Coeur Manufacturing have assembled the following data for the year ended December 31,2006
December 31
2005 2006
Current assets:
Cash and cash equivalents Rs. 30600 Rs.33800
Accounts receivable 70100 73700
Inventories 90600 96500
Prepaid expenses 3200 2100
Current liabilities:
Note payable Rs.36300 36800
Accounts Payable 72100 67500
Income tax payable 5900 6800
Accrued liabilities 28300 23200
Transactions data for 2006:
Acquisition of long term investment----------------------------------------Rs.44800
Acquisition of building by issuing long-term note payable-----------------162,000
Stock dividend--------------------------------------------------------------------12600
Collection of loan-----------------------------------------------------------------10300
Depreciation expense--------------------------------------------------------------19200
Acquisition of equipment---------------------------------------------------------69,000
Payment of long-term debts by issuing common stock k----------------------89400
Sale of long-term investment---------------------------------------------------12200
Amortization expense-----------------------------------------------------------1100
Payment of long-term debt-----------------------------------------------------47800
Gain on sale of investment----------------------------------------------------- 3500
Payment of cash dividends-------------------------------------------------------48300
Issuance of long-term debt to borrow cash-------------------------------------21000
Net income-------------------------------------------------------------------------92500
Issuance of preferred stock for cash--------------------------------------------36200
Required:
Question 1: Prepare cash flow statement showing operating, investing and financing activities under indirect method