C Qmcgraw-hill connect - Search X M Question 2 - ASSIGNMENT SIX X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252... A ASSIGNMENT SIX i 40 points eBook Print References Mc Graw Hill 77F Mostly cloudy Balance sheet at December 31 Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation 2 BGP Electrical Supply is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Accounts payable Accrued wages expense Note payable, long-term Common stock and additional paid-in capital Retained earnings Income statement for current year Sales Cost of goods sold Other expenses Net income Mc Graw Hall Additional Data: a. Bought equipment for cash, $22,900. h Paid $5400 on the long-term note navable Cases And Projects Q Search < Prev Saved L Current Year $ 39,400 36,300 45,000 125,600 (34,000) $ 212,300 $ 40,300 3,500 47,500 94,400 26,600 $ 212,300 x + | $ 137,000 87,000 39,500 $ 10,500 2 of 2 = Prior Year $ 31,600 31,600 40,500 102,700 (27,100) $ 179,300 $ 31,600 4,000 52,900 74,700 16,100 $ 179,300 Next > {} mhp ? Help CD Save & Exit Submit Check my work : 1:44 AM 8/13/2023 X D + O 50 19 Qmcgraw-hill connect - Search X M Question 2 - ASSIGNMENT SIX X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252... A ASSIGNMENT SIX i 2 40 points eBook Print References Mc Graw Hill 77F Mostly cloudy Additional Data: a. Bought equipment for cash, $22,900. b. Paid $5,400 on the long-term note payable. Mc Graw Hall c. Issued new shares of stock for $19,700 cash. d. No dividends were declared or paid. Cash flows from operating activities: Cases And Projects Required: 1. Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. Note: List cash outflows as negative amounts. BGP ELECTRICAL SUPPLY Statement of Cash Flows For the Year Ended December 31, Current Year Adjustments to reconcile net income to net cash provided by operating activities: Q Search Saved e. Other expenses included depreciation, $6,900; wages, $20,500; taxes, $6,200; other, $5,900. f. Accounts payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. < Prev x + | L 2 of 2 = Next > {} CD mhp Help Save & Exit Submit Check my work : 1:44 AM 8/13/2023 X D od + O 50 19 Qmcgraw-hill connect - Search X M Question 2 - ASSIGNMENT SIX X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252... A ASSIGNMENT SIX i 2 40 points eBook Print References Mc Graw Hill 77F Mostly cloudy Mc Graw Hall Cash flows from operating activities: Required: 1. Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. Note: List cash outflows as negative amounts. BGP ELECTRICAL SUPPLY Statement of Cash Flows For the Year Ended December 31, Current Year Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities: Cases And Projects Q Search Saved < Prev L x + | 2 of 2 # 0 0 Next > mhp {} Help CD Save & Exit Submit Check my work : 1:45 AM 8/13/2023 X D OD + O 50 19 ASSIGNMENT SIX i 2 40 points eBook Print References Mc Graw Hill BGP ELECTRICAL SUPPLY Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities: Cash flows from financing activities: Saved < Prev 2 of 2 # 0 0 0 Next > Help Save & Exit Submit Check my work +