The following information is taken from French Corporation's financial statements: Cash Accounts receivable Allowance for...
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The following information is taken from French Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses December 31 2018 2017 $ 78,110 $ 28,890 109,140 85,600 (4,815) (3,317) 165,850 187,250 8,025 7,276 107,000 64,200 309,230 261,080 (34,240) (13,910) 21,400 37,450 $759,700 $654,519 Land Buildings Accumulated depreciation Patents Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained earnings-unappropriated Treasury stock, at cost $ 96,300 57,780 133,750 107,000 85,600 295,320 (16,050) $759,700 $ 89,880 67,410 64,200 107,000 10,700 323,889 (8,560) $654,519 Net income Depreciation expense For 2018 Year $78,431 20,330 5,350 32,100 none Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents Prepare a statement of cash flows for French Corporation for the year 2018. (Use the indirect m or in parenthesis e.g. (15,000).) French Corporation Statement of Cash Flows Increase (Decrease) in Cash Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work
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