Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative...

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Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $151,000.00 $190,000.00 Accounts receivable (pet) $22.000.00 $69.000.00 Merchandise inventory 963.000.00 759.000.00 Prepaid expenses 2,000,00 19,000.00 Equipment 2032.000.00 1424.000.00 Accumulated depreciation-equipment $580,000.00) (504,000.00) Total asses $1.321,000.00 $2857.000.00 Liabilities and Stockholders' Equity Acneoble fechande ceditonl 3150.000.00 Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Accounts payable (merchandise creditors) 12 Mortgage note payable 21 Common stock $10 par Excess of paid-in capital over par is Retained eamings 36 Total fiabilities and stockholders equity $190,000.00 $171.000.00 0.00 759,000.00 1.140.000.00 580.000.00 $70,000.00 190,000.00 1.421.000.00 1.157,000.00 $3,321.000.00 $2,657,000.00 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20YS are as follows a Net income, $359.000. b Depreciation reported on the income statement. $218.000 4 c Equipment was purchased at a cost of $750,000, and fully depreciated equipment costing $142,000 was discarded, with no salvage realized. d The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty 76,000 shares of common stock were issued at $15 for cash Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows a Net income, $359,000. b Depreciation reported on the income statement, $218,000 c Equipment was purchased at a cost of $750,000, and fully depreciated equipment costing $142,000 was discarded, with no salvage realized d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e 76,000 shares of common stock were issued at $15 for cash 1 Cash dividends declared and paid, $95,000 Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from.uned for pcenitoa.activites Be sure to complete the heading of the statement Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices forext entres Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $151,000.00 $190,000.00 Accounts receivable (pet) $22.000.00 $69.000.00 Merchandise inventory 963.000.00 759.000.00 Prepaid expenses 2,000,00 19,000.00 Equipment 2032.000.00 1424.000.00 Accumulated depreciation-equipment $580,000.00) (504,000.00) Total asses $1.321,000.00 $2857.000.00 Liabilities and Stockholders' Equity Acneoble fechande ceditonl 3150.000.00 Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Accounts payable (merchandise creditors) 12 Mortgage note payable 21 Common stock $10 par Excess of paid-in capital over par is Retained eamings 36 Total fiabilities and stockholders equity $190,000.00 $171.000.00 0.00 759,000.00 1.140.000.00 580.000.00 $70,000.00 190,000.00 1.421.000.00 1.157,000.00 $3,321.000.00 $2,657,000.00 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20YS are as follows a Net income, $359.000. b Depreciation reported on the income statement. $218.000 4 c Equipment was purchased at a cost of $750,000, and fully depreciated equipment costing $142,000 was discarded, with no salvage realized. d The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty 76,000 shares of common stock were issued at $15 for cash Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows a Net income, $359,000. b Depreciation reported on the income statement, $218,000 c Equipment was purchased at a cost of $750,000, and fully depreciated equipment costing $142,000 was discarded, with no salvage realized d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty e 76,000 shares of common stock were issued at $15 for cash 1 Cash dividends declared and paid, $95,000 Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from.uned for pcenitoa.activites Be sure to complete the heading of the statement Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices forext entres Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required