Question: please help thank you so much! Additional Information on Year 2013 Transactions Net income was $114,975. Accounts receivable increased. Merchandise inventory increased. Prepaid expenses decreased.

please help thank you so much!

please help thank you so much! Additional Information on Year 2013 Transactions

Net income was $114,975. Accounts receivable increased. Merchandise inventory increased. Prepaid expenses

decreased. Accounts payable decreased. Depreciation expense was $20,750. Sold equipment costing $46,875.

Additional Information on Year 2013 Transactions Net income was $114,975. Accounts receivable increased. Merchandise inventory increased. Prepaid expenses decreased. Accounts payable decreased. Depreciation expense was $20,750. Sold equipment costing $46,875. with accumulated depreciation of $30,125, for $11,625 cash. This yielded a loss of $5,125. Purchased equipment costing $96,375 by paying $30,000 cash and by signing a long-term note payable for the balance. Borrowed $4,000 cash by signing a short-term note payable, Paid $50,125 cash to reduce the long-term notes payable. Issued 2,500 shares of common stock for $20 cash per share, Declared and paid cash dividends of $50,100. Required: Prepare a complete statement of cash flows using a spreadsheet; report its operating activities using the indirect method. (Enter all amounts as positive values.)

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