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

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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