Question: can't see the solution to my question, its already been answered but cannot see the half of it. can you please try again. Group B

Group B Problems Statement of cash flow indirect method 00 (60 min) 16B-1. From the following income statement Figure 16-181, balance sheet (Figure 16-19), and additional data for Blumer Limited, prepare a state ment of cash flows using the indirect method. Additional Data: 1. All increases in Plant and Equipment were paid for in cash. 2. No dividend was declared in 2013. 3. Sold 2,000 shares of stock for cash of $2,000. Hint: Office Equipment and Machinery are recorded at net on the balance sheet. Be sure to add back amortization expense to the cost of the assets in 2013 to compute the actual cost of the additional assets purchased. Figure 16-18 Income Statement for Blumer Limited BLUMER LIMITED INCOME STATEMENT TOR THE YEAR INDED DECEMBER 31, 2013 Sales Cost of Goods Sold Gross Prono S 36ooooo 250000 S 1100000 Check Figure Net Increase in Cash $1500 Operating Expenses Amortization Expense. Equipment Amortization Expense, Machinery Advertising Experte Salary Expense Miscellaneous Expense Total Operating Lapenes Net Income No.00 So doo 6000 i kod 00 Soodoo 06000 $36.00 60 CITER 16 Figure 16-19 Balance Sheet for metinded RUBRUMID BALANCE 2012 Cum Account Mascher CA Leo 30000 SAGOO ! SECCO 2000 ald SICECOSSOS and Ofico MON Sesso Ross00 AN 16 $12.solo 50500 ish A. TEC 5208000 $ 100.000 10 105. 52GO 5200000 Lange 20 Sets COS 595507350.00 CECODO SEASOODS10DBO SEO 2006 State of codic 16B-2. From the financial statements and additional information provided in method Problem 168-1 for Blumer Limited, prepare a statement of cash flows 0 min using the direct method Check Cathered
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