Question: Prepare the operating section of cash flows statement on 31-dec (using the indirect method) you have the following information balances on 30-11 , 31-12 respectively

Prepare the operating section of cash flows statement on 31-dec (using the indirect method) you have the following information

balances on 30-11 , 31-12 respectively

Cash $ 249,930

$264,343

Petty cash 150,

255

Accounts receivable, 317,420

260000

Allowance for uncollectibles, $ 4,580

111300

Notes receivable 45,000

104200

Interest receivable 0

1800

Inventory 531,960,

440000

Oce supplies 2,320

830

Prepaid insurance 11,020,

5640

Prepaid rent 25,410,

18150

Bond sinking fund 145,000

160000

Land 43,000

99650

Buildings 306,000

306000

Accumulated depreciation - Buildings 73,040

70500

Trucks and lifts 78,400

70500

Accumulated depreciation - Trucks and lifts 39,540

47891

Furniture and equipment 32,800

38900

Accumulated depreciation - Furniture and equipment 13,200

18210

Notes payable 15,000

15000

Accounts payable 126,850

171549

Salaries and wages payable 1,906

3971

FICA Taxes payable 1,787

6520

Federal withholding taxes payable , 9,573 , 10199

State withholding taxes payable 2,486

4636

Federal unemployment taxes payable 400,,, 400

State unemployment taxes payable 2,600,, 2600

Dividends payable 0 , 14310

Interest payable 0 , 5890

Income taxes payable 0 15548

Mortgage notes payable 113,000

Bonds payable (issued March 1, 2013) 275,000 ,, 275000

discount on bonds payable 4400

net profit= 179199

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