Using the data given in E13- 12A, prepare the statement of cash flows (indirect method) for Mosaic
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In E13-12A
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Mosalc Travel Services, Inc. Comparative Balance Sheets December 31, 2014 and 2013 Assets 2014 2013 5 Current assets 6 Cash 7 Accounts recelvable 8 Inventory 9 Propaid insurance 10Total current assets 11000 S 78,000 58,000 9,000 18,000 79,000 18,000 12,000 105,0005 114,000 57,000 12 Land 13 Equipment 14 Lss: Accumulated depreciation 15 Total assets 16 17 18 Current Eabilities: 19 Accounts pay able 20 Wages payable 21 Interost pay able 22 Income taxes payable 23 Total current labilities 24 25 Notes payable (iong term) 26 Total liabilities 83,000 15,000 5 -329000 -290,000 Labilities 28,000 26,000 12,000 37,000 24,000 73,000 96,000 76,000 87,000 $169,000 163,000 129000 $ 119,000 127,000 Stockholders' equity 28 29 Common stock 30 Retained earnings 31 Total stockholders' equity 32 33 Total liabilities and equity 34 160,0005 $329000 290 000
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