Chapter $12$ HWB

$3$

Exercise $12-16$A $($Algo$)$ Indirect: Cash flows spreadsheet LO P$4$

$20$ points

Skipped

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References

Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method, $($The statement of cash flows is not required.$)$

Note: Enter all amounts as positive values.

Additional information:

a$.$ Net income for the year was $$120,000.$

b$.$ Dividends of $$120,000$ cash were declared and paid.

c$.$ The only noncash expense was $$90,000$ of depreciation.

d$.$ Purchased plant assets for $$110,000$ cash.

e$.$ Notes payable of $$40,000$ were issued for $$40,000$ cash.

f$,$ $$70,000$ increase in accounts receivable,

g$.$ $$50,000$ decrease in inventory.

h$.$ $$30,000$ decrease in accounts payable.