2008 Cash Flow Statement, Indirect Method Trial Balance 2007 2008 Difference Operating Activities Amounts Subtotals Cash 3,200 3,030 A/R 1,100 1,800 Inventory 2,350 1,235 Equipment 6,000 6,300 Accum. Depr. (3,500) (3,860) A/P (4,180) (5,300) Interest Payable (200) (160) Taxes Payable (60) (120) Investing Activities Bonds Payable (3,600) (2,000) Retained Earn. (260) (310) Common Stock (800) (1,200) Financing Activities Sales (4,200) (4,600) Cost of Goods Sold 2,900 3,175 Misc. Expenses 800 1,100 Depreciation Expense 550 560 Interest Expense 400 300 Gain/loss sale of Equip. (800) (200) ck Tax Expense 300 250 0 0 Related Information --purchased equipment = $800 --Equipment sold had a book value of 300 was sold for = $500