Rawling Company's 2009 income statement and selected balance sheet data at December 31, 2008 and 2009, follow
Question:
Rawling Company's 2009 income statement and selected balance sheet data at December 31, 2008 and 2009, follow ($ thousands).
Required
Prepare the cash flows from operating activities section only of the company's 2009 statement of cash flows using the indirectmethod.
Transcribed Image Text:
RAWLING COMPANY Selected Balance Sheet Accounts 2009 2008 At Decmber 31 Accounts recelvable . Inventory Accounts payable Salaries payable .. Uulities payable Prepaid Insurance.. Prepald rent $280 $290 77 99 22 230 44 35 13 14 RAWLING COMPANY Income Statement Sales revenue . $48,600 Expenses Cost of goods sold. 21,000 Depreciation expense ·····.. 6,000 9,000 4,500 1,900 1,800 1,400 3,000 .. Salaries expense .. Rent expense ....^^.. Insurance expense Interest expense . Utilitles expense... Net Income ..
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