Question: Help solve below: Statement of Cash Flow Presented below are the consolidated nancial statements of The Mann Corporation as ofyearend 2012 and 20131 THE MANN
Help solve below:



Statement of Cash Flow Presented below are the consolidated nancial statements of The Mann Corporation as ofyearend 2012 and 20131 THE MANN CORPORATION Consolidated Balance Sheets As of Year-End ($ thousands) 2013 2012 Assets Current assets Cash $80,000 $50,000 Accounts receivable (net) 198,000 152,000 Inventory 142,000 80,000 Prepaid expenses 20,000 20,000 Total current assets 440,000 302,000 Investments in affiliate companies 20,000 - Property and equipment 262,000 160,000 Less: Accumulated depreciation (22,000) (16,000) Property & equipment (net) 240,000 144,000 Total assets $700,000 $446,000 Liabilities & Shareholders' Equity Current liabilities Accounts payable $114,000 $100,000 Accrued expenses payable 40,000 44,000 Dividends payable 14,000 - Total current liabilities 168,000 144,000 Note payabledue in ten years 100,000 Total liabilities 268,000 144,000 Shareholders' equity Common stock, $5 par value 60,000 40,000 Additional paid-in-capital 240,000 232,000 Retained earnings 132,000 30,000 Total shareholders' equity 432,000 302,000 Total liabilities & shareholders' equity $700,000 $446,000 THE MANN CORPORATION Consolidated Income Statement For Year Ended (5 thousands) 2013 2012 Sales $3,360,000 $2,400,000 Cost of goods sold 2,800,000 2,080,000 Gross margin 560,000 320,000 Selling & administrative expenses 386,000 209,600 Depreciation expense 6,000 4,000 Income tax expense 48,000 30,400 Net income $120,000 $76,000 Required Using the above financial data, prepare the statement of cash flow for 2013 using the indirect method. Use a negative sign with answers to indicate a decrease in cash. TH E MAN N CORPORATION Statement of Cash Flows For Year Ended 2013 0 0 0
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