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
Rawling Company's 2009 income statement and selected balance sheet data at December 31, 2008 and 2009, follow ($ thousands).
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Required
Prepare the cash flows from operating activities section only of the company's 2009 statement of cash flows using the indirectmethod.
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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