PROBLEM 12-19B

Problem 19B: (add more rows as you need them) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Crimson Sports Inc } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, Year 2 } \\ \hline Cash flows from Operating Activities: & \\ \hline Net income & & \\ \hline Add: & & \\ \hline & & \\ \hline & & \\ \hline Less: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net Cash inflow from Operating Activities & & \\ \hline & & \\ \hline Cash flows from Investing Activities: & & \\ \hline & & \\ \hline & & \\ \hline Net Cash outflow from Investing Activities & & \\ \hline & & \\ \hline Cash flows from Financing Activities: & & \\ \hline & & \\ \hline & & \\ \hline Net Cash flow from Financing Activities & & \\ \hline Net Increase (Decrease) in cash & & \\ \hline Plus: Beginning Cash Balance & & \\ \hline Ending Cash Balance & & \\ \hline \end{tabular} Problem 19B: (add more rows as you need them) I Problem 12-19B Using financial statements to prepare a statement of cash flowsindirect method The comparative balance sheets and an income statement for Wang Beauty Products, Inc. are shown next: Problem 12-19B Using financial statements to prepare a statement of cash flowsindirect method The comparative balance sheets and an income statement for Wang Beauty Products, Inc. are shown next: Other Information 1. Purchased land for $112,000. 2. Purchased new equipment for $100,000. 3. Sold old equipment that cost $132,000 with accumulated depreciation of $112,000 for $20,000 cash. 4. Issued common stock for $50,000. Required Prepare the statement of cash flows for Year 2 using the indirect method. Other Information 1. Purchased land for $112,000. 2. Purchased new equipment for $100,000 3. Sold old equipment that cost $132,000 with accumulated depreciation of $112,000 for $20,000 cash. 4. Issued common stock for $50,000. Required Prepare the statement of cash flows for Year 2 using the indirect method. Other Information 1. Purchased land for $112,000. 2. Purchased new equipment for $100,000. 3. Sold old equipment that cost $132,000 with accumulated depreciation of $112,000 for $20,000 cash. 4. Issued common stock for $50,000. Prepare the statement of cash flows for Year 2 using the indirect method. Required Statement of Other Information 1. Purchased land for $112,000. 2. Purchased new equipment for $100,000. 3. Sold old equipment that cost $132,000 with accumulated depreciation of $112,000 for $20,000 cash. 4. Issued common stock for $50,000. Required Prepare the statement of cash flows for Year 2 using the indirect method