statement of cash flows. The completed comparative balance sheets and income statement are summarized:
Additional Data:
a Bought equipment for cash, $
b Paid $ on the longterm notes payable.
c Issued new shares of stock for $ cash.
d No dividends were declared or paid.
e Other expenses included depreciation, $; salaries and wages, $; taxes, $; utilities, $
f Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume these expenses were fully paid in cash.
Required:
PreDare the statement of cash flows for the current vear ended December usina the indirect method
