comparative financial statement data for carmono company follow:

1. using the indirect method prepare a statement of cash flow for this year

Comparative financial statement data for Carmono Company follow. This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total ansata Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 6.50 46.00 87.50 140.00 225.00 44.00 181.00 $321.00 $ 12.00 39.00 74.00 125.00 190.00 33.00 157.00 $282.00 $ 52.50 110.00 158.50 $321.00 $ 44.00 85.00 153.00 $282.00 For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $750.00 450.00 300.00 280.00 $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. $ 20.00 Statement of Cash Flows For This Year Ended December 31 Operating activities: Net Income Adjustments to convert net income to a cash basis: Depreciation Increase in accounts receivable Increase in inventory Increase in accounts payable 0.00 20.00 Net cash provided by operating activities Investing activities: 0.00 Financing activities: 0.00 20.00 Beginning cash and cash equivalents Ending cash and cash equivalents $ 20.00 Required 2 >