$\backslash$table$[[,,$A$,,,$B$,$C$,$D$],[1,,,,,],[2,$MONTGOMERY INCORPORATED,$],[$Comparative Balance Sheets,$],[4,$At December $31,$Current Year,Prior Year,$],[5,$Assets,$],[6,$Cash,,,,$$63,500,$$$63,900,],[7,,$Accounts receivable, net,,,$18,100,22,100,],[8,,$Inventory,,,$162,300,127,700,],[9,,$Total current assets,,,$243,900,213,700,],[10,,$Equipment,,,$89,900,75,600,],[11,,$Accumulated depreciation$-$Equipment,,,$(40,500),(28,000),],[12,,$Total assets,,,$$293,300,$$$261,300,],[13,,$Liabilities and Equity,,,,,$],[14,,$Accounts payable,,,$$43,100,$$$46,500,],[15,,$Salaries payable,,,$800,1,000,],[16,,$Total current liabilities,,,$43,900,47,500,],[17,,$Equity,,,,,$],[18,,$Common stock, no par value,,,$210,000,192,000,],[19,,$Retained earnings,,,$39,400,21,800,],[20,,$Total liabilities and equity,,$(3)$ $$293,300,,$$$261,300,],[21,,,,],[22,,$MONTGOMERY INCORPORATED,,$],[,23,$Income Statement,,,,$],[<mtext></mtext><mi></mi>$ Question Data $$ Cash Flow Items $$ Graded Worksheet$]]$

Workbook Statistics

Accessibility tab summary: Information about MUNIGOMERY IN

$\backslash$table$[[,$A$,,$B$,$C$,$D$,],[\backslash$table$[[$MONTGOMERY INCORPORATED$],[$Income Statement For Current Year Ended December $31]],,,],[,,],[,,],[$Sales$,,,$$$77,200,,,],[6,$Cost of goods sold,,$32,100,,,],[7,$Gross profit,,$45,100,,,],[8,$Salaries expense,,$9,400,,,],[29,$Depreciation expense,,$12,500,,,],[30,$Income before taxes,,$23,200,,,],[31,$Income tax expense,,$-5,600,,,],[32,$Net income,,$$17,600,,,],[33,,,,,,],[34,$Additional Information on Current$-$Year Transactions,,,,,$],[35,$a$.$ No dividends are declared or paid.,,,,,$],[36,$b$.$ Issued additional stock for $$18,000$ cash.,,,,,$],[37,$c$.$ Purchased equipment for cash; no equipment was sold.,,,,,$],[38,,,,,,],[39,$Required:,,,,,$],[40,\backslash$table$[[1.$ Use the above information to prepare a statement of cash flows for the current year using the in method.$],[($Also click on the Cash Flow items and Graded Worksheet Tabs below.$)]],,,,,],[41,,,,,,],[,,$Cash Flow Items,Graded Worksheet,,,$],[$Workbook Statistics$]]$

Home Insert Share Formulas Data Review View Help Draw

$vv$ Calibri $($Body$)vv11vvB{B}_O{?}_0$vvAvvcdots$|-||=\frac{v}{b}ar(-5)vv|G||$

$2$ Use this list for cell referencing with the previous tab as needed. Not every item on this list may be needed.

$3$ Cash paid for equipment

$4$ Cash received from stock issuance

$5$ Decrease in accounts payable

$6$ Decrease in accounts receivable

$7$ Decrease in inventory

$8$ Decrease in salaries payable

$9$ Depreciation expense

$10$ Increase in accounts payable

Increasein accounts receivable

$12$ Increase in inventory

$13$ Increase in salaries payable

$14$

$15$

$16$

$17$ Students: The soratchpad area is for you to do any additional work you need to solve this question or can be used to s

$18$ Nothing in this area will be graded, but it will be submitted with your assignment.

Question Data

Cash Flow Items

Graded Worksheet

Workbook Statistics

e$4577810$Homev v Calibri $($Body$)$ v $11$ v$6$ Cash flows from operating activities$13127151479$ Income statement items not affecting cash$1611$ Changes incurrent operating assets and liabilities$18$Insert$1921$Share Formulas Data$227$A$17$ Cash flows from investing activities$23$Adjustments to reconcile net income to net cash used in operating activities:$20$ Cash flows from financing activities$67\backslash$deg FWorkbook StatisticsAccessibility tab summary:A table for student presentation $$s provided in cells A$3$ tcMONTGUMERY,INCORPUKAIEDStatement of Cash Flows$($Undirect Method$)$For Current Year Ended December $31$Mostly clearB$24$ Cash balance at beginning of year$25$ Cash balance at end of yearReviewBView Help DrawC$6$ Question Data $6$ Cash Flow ltems O Graded Worksheet$1101$ LooIS, neip, arQ SearchEF