Question: Prepare a statement of cashflows using the indirect method and statement of stockholders equity using the information provided. No previous year data (this is the



Prepare a statement of cashflows using the indirect method and statement of stockholders equity using the information provided. No previous year data (this is the first year of operations).
Allison the Architech Income Statement For the Year Ended December 31, 202x Sales revenue Operating expenses: Salaries expense Rent expense Phone expense Office supplies expense Utilities expense Insurance expense Kitchen supplies expense Professional services expense Depreciation expense Total operating expenses Operating Income Income tax expense Net income \begin{tabular}{|r|r|} \hline & 144,530 \\ \hline & \\ \hline 41,040 & \\ \hline 19,800 & \\ \hline 6,240 & \\ \hline 5,710 & \\ \hline 21,480 & \\ \hline 6,980 & \\ \hline 9,540 & \\ \hline 380 & \\ \hline 5,108 & \\ \hline & 116,278 \\ \hline & 28,252 \\ \hline 7,063 & \\ \hline & 21,189 \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
