Question: Hello, can anyone help me with this problem? I need to create a statement of cash flow by using the information below. Thanks for your
Hello, can anyone help me with this problem?
I need to create a statement of cash flow by using the information below. Thanks for your help in advance!



The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. Current Year Prior Balance Sheet Assets 66,300 87,600 Cash 96,000 Accounts receivable 84,000 Merchandise inventory 72,000 78,000 134,000 72,000 Property and equipment Less: Accumulated depreciation (37,760) (19,000 Total assets $330,540 $302,600 Liabilities 12,000 14,400 Accounts payable 1,200 Salaries and Wages Payable 2,400 60,000 72,000 Notes payable, long-term Stockholders' Equity: Common stock 116,000 96,000 Retained earnings 140,140 119,000 Total liabilities and stockholders' equity $330,540 $302,600 Income Statement $280,000 Sales Cost of goods sold 150,000 18,760 Depreciation expense 70,000 Other expenses 41,240 Net income
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