Question: P12-8A

Could you please use reverse T Acount Analysis to solve (Direct Method)

Statement of Cash Flows (Direct Method) Refer to the data given for the Pruitt Company in Problem P12-3A. Required a. Compute the change in cash that occurred in the current year. b. Prepare a statement of cash flows using the direct method. Use one cash outflow for "cash paid for wages and other operating expenses." Accounts payable relate to inventory purchases only. b. Prepare a statement of cash Statement of Cash Flows (Indirect Method) 31 of the current and the previous year follow: Durig 9,000 accumulated depreciation. New equip cash old equipment that had cost $34,000 and had $60,000 of bonds payable. Bonds payable equipment worth $60,000 was acquired in exchange for dividend was declared and paid. All stock of $100,000 were retired for cash at a loss. A $21,000cash Statement of Cash Flows (Direct Method) Refer to the data given for the Pruitt Company in Problem P12-3A. Required a. Compute the change in cash that occurred in the current year. b. Prepare a statement of cash flows using the direct method. Use one cash outflow for "cash paid for wages and other operating expenses." Accounts payable relate to inventory purchases only. b. Prepare a statement of cash Statement of Cash Flows (Indirect Method) 31 of the current and the previous year follow: Durig 9,000 accumulated depreciation. New equip cash old equipment that had cost $34,000 and had $60,000 of bonds payable. Bonds payable equipment worth $60,000 was acquired in exchange for dividend was declared and paid. All stock of $100,000 were retired for cash at a loss. A $21,000cash