Prepare a statement of cashflow

Using the indirect method

P17-8A Data for Nosker Company are presented in P17-7A. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. nstructions a) Prepare a statement of cash flows for Nosker Company using the direct method. b) Compute free cash flow. 17-9A Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 2016 2017 $ 80,800 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment $ 48,400 92,800 117,500 28,400 143,000 270,000 (50,000) $682,500 33,000 102,850 26,000 114,000 242,500 (52,000) $514,750 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $67,300 17,000 $112,000 16,500 110,000 220.000 224,000 150,000 175,000 105,450 $514,750 Total $682,500 S1ARE