Exercise 12-3 (Algo) Indirect: Reporting cash flows from operations LO P2 Arundel Company disclosed the following information for its recent calendar year Income Statement Data Revenues Expenses Salaries expense Utilities expense Depreciation expense Interest expense Nat los Selected Year End Walance sheet Outi $ 120, Accounts receivable decrease Purchased a machine for cash 70.000 Salaries payable increase 31,000 Interest payable decrease 29,800 2100 02.2003 26) 18,000 24,000 10,000 Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be deducted should be Indicated with a minus sign.) Statement of Cash Flows (partia Cashows from operating activities Indirect method Adjustments to reconcile net income to net cash provided by operating activities Income statement ters not affecting cash Changes in current operating assets and liabilities ! Requlred Information Use the following information for the Quick Study below. (Algo) The following information apples to the questions displayed below The plant assets section of the comparative balance sheets or Anders Company is reported below. 2020 ANDERS COMPNY Comparative Year-End Balance Sheets 2021 Plant assets Equipment 3 250.000 Accumulated depreciation Equipent (128200 Equipment net 122,000 Building $450,00 Accumulated depreciation Buildings (142/000) Bulidine net 308,000 $340,000 (23809) 3102,000 $1470,00 (322000 3143,00 QS 12-10 (Algo) Computing Investing cash flows LO P3 Durino 2021 equipment with a book value of $54,000 and an original cost of $280,000 was sold at a loss or $5 800 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021 3. What was the cost of new equipment purchased by Anders during 2021? Cash received from the sale of equipment 2 Deprecation expense 3. Purchase of equipment Required Information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below! The plant assets section of the comparative balance sheets of Anders Company is reported below. 2020 ANDERS COMPANY Comparative Year-End Balance Sheets 2021 plant assets Equipment $ 250,000 Accumulated depreciation-Equipment (128,000 Equipment, net $ 122,000 Buildings $ 450,000 Accumulated depreciation-buildings (142 000) Buildings net $ 308,000 $ 340,000 (238,000) $ 102,000 $1470,000 (227.000 $ 143,000 QS 12-11 (Algo) Computing Investing cash flows LO P3 During 2021 a building with a book value of $84.000 and an original cost of $370,000 was sold at a gain of $74.000, 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2021? 3. What was the cost of buildings purchased by Anders during 2021? Cash received from the sale of building 2 Depreciation expense 3. Purchase of building