Q4 HELP PLZ

dere Exercise 12-12 Indirect: Preparing statement of cash flows LO P2, P3 BOCORRY THC Comparative Balance sheets December 31 Current To ents Ceat $ 34,500 Accounts receivable, 10,000 Inventory 83.600 Total current state 134,100 4,600 A. depreciation-Iquit T22,400 Totalt 5141,100 Libilities and it Heroines payaala 8 23,00 Salari payable 400 Total current liabilities 24.200 pisy Como to, per le 117,100 deninge 20,000 Total abilities wity 1161.100 Prior TRY $34.900 12.400 71.700 119.000 12.00 15,600 9165,800 6.35.900 500 20,400 103,500 10119 1145.00 HOTLOMERYTH Theonett The One Year December talen Cestod sold Gro profit Destispense 8.00 TIN pense Torte TA asino 19,600 15.4001 23,100 11.00 2,401 Additional information on Current Year Transactions No dividends are declared or paid buted additional stock for 50.600 c. Purchased equipment for cash no eximent was sold 1. Use the above formation to prepare a lement of cash flows for the current using the indirect method (Amounts to be deducted should be indicated by a minussion) MONTGOMERY Prentar 11 Income before taxes Income tax expense Net income 11,500 2.400 $9,100 Additional Information on Current-Year Transactions a. No dividends are declared or paid b. Issued additional stock for $8,600 cash, c. Purchased equipment for cash; no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the Indirect method (Amounts to be deducted should be indicated by a minus sign.) MONTGOMERY, INC Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations Income statement items not affecting cash Changes in current operating assets and liabilities 0 Cash flows from investing activities $ 0 Cashflows from financing cities o 5 S 0 Chance a beginning of year Cash Dance at end of year O