Question: dont know how to do accounts and numbers Saved Save & Exit Help The management team of Wickersham Brothers Inc. is preparing its annual financial

dont know how to do accounts and numbers
dont know how to do accounts and numbers Saved Save & Exit
Help The management team of Wickersham Brothers Inc. is preparing its annual

Saved Save & Exit Help The management team of Wickersham Brothers Inc. is preparing its annual financial statements. T statements are complete except for the statement of cash flows. The completed comparative bala sheets and income statements are summarized Current Year Prior Year $ 53,700 84,000 63,000 116,800 22,240) $284,460 $ 75,900 73,500 68,250 63,000 16.000) $264,650 Balance Sheet Assets Cash Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation Total assets Liabilities: Accounts payable Salaries and Wages Payable Notes payable, long-term Stockholders Equity: Common stock Retained earnings Total liabilities and stockholders' equity Incose Statement Sales Cost of goods sold Depreciation expense Other expenses Net income $ 10,500 2,100 52,500 $ 12,600 1,050 63,000 184, eee 115,360 $284,460 84,000 164,000 $264,650 $220,000 120,000 16,240 55.000 $ 28,760 Other information from the company's records includes the following Bought equipment for cash. $53.000. Paid $10,500 on long-term note payable Issued new shares of common stock for $20,000 cash Cash dividends of $17.400 were declared and paid to stockholders. Accounts Payable arose from inventory purchases on credit Income tax expense (57.190) and interest expense ($3.150) were paid in full at the end of both ye and are included in Other Expenses. Required: o. Prepare the statement of cash flows using the Indirect method. Include any supplemental disclo- (Enter any deductions and cash outflows as a negative value.)

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