Statement of cash flows using the indirect method

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Reference no: EM13793700

Can you explain how to prepare a statement of cash flows using the indirect method using the following numbers?

Ending balance/Beginning balance

Cash 7,000/12,000 Accounts payable 9,000/28,000

A/R 11,000/2,000 income taxes payable 1,000/2,000

Inventory 39,000/24,000 Bond payable 16,000/10,000

Long term investments 23,000/9,000 Common stock 42,000/30,000

Property, plant, and equipment 83,000/100,000 Retained earnings 29,000/15,000

Less accumulated depreciation 66,000/62,000 Totals 97,000/85,000

Total assets 97,000/85,000

Reference no: EM13793700

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