In this exercise you will use the indirect method to create a statement of cash flows in Excel for Tight Flying Co These amounts relate to September of 2016 Net Income $300 Purchase of Equipment $3,100 Depreciation Expense $2,500 Purchase of Furniture $2,400 Accounts Receivable (beginning) $9,400 Investment by Owner $1,800 Accounts Receivable (ending) $12,500 Nicholas Winfield, Drawing $1,500 Accounts Payable (beginning) $7,300 Cash (beginning balance) $11,300 Accounts Payable (ending) $6,900

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Question: In this exercise. you will use the indirect method to create a statement of cash flows in Excel for Tight Flying Co.. These amounts relate

In this exercise. you will use the indirect method to create a statement of cash flows in Excel for Tight Flying Co.. These amounts relate to September of 2016

Net Income	$300	Purchase of Equipment	$3,100
Depreciation Expense	$2,500	Purchase of Furniture	$2,400
Accounts Receivable (beginning)	$9,400	Investment by Owner	$1,800
Accounts Receivable (ending)	$12,500	Nicholas Winfield, Drawing	$1,500
Accounts Payable (beginning)	$7,300	Cash (beginning balance)	$11,300
Accounts Payable (ending)	$6,900

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