Question: Help with cash flows statement using indirect method Chapter 16 HW # 1 Assignment The comparative balance sheet of Orange Angel Enterprises Inc. at December

Help with cash flows statement using indirect method

Help with cash flows statement using indirect method Chapter 16 HW #

Chapter 16 HW # 1 Assignment The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 2017, is as follows: Dec. 31, Dec. 31, 20Y8 20Y7 Assets Cash $67,790 $83,340 Accounts receivable (net) 104,170 112,350 Merchandise inventory 148,820 139,250 Prepaid expenses 6,060 4,220 Equipment 303,140 249,490 Accumulated depreciation-equipment (78,820) (61,190) Total assets $551,160 $527,460 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $115,740 $110,240 Mortgage note payable 0 158,240 Common stock, $1 par 18,000 11,000 Excess of paid-in capital over par 254,000 149,000 Retained earnings 163,420 98,980 Total liabilities and stockholders' equity $551, 160 $527,460 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as Check My Work 1 more Check My Work uses remaining

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