UNO BSAD 8110
Module 4a Assignment - Cash Flow Statement
Using the data below, complete the Operating section of the Cash Flow Statement using the Indirect Method. Note that no dividends were declared or paid this period.
Comparative Balance Sheet
	2021	2022
Cash	$89,800	$46,250
Accounts Receivable	$41,230	$52,250
Inventory	$84,750	$96,750
Prepaid Expenses	$4,975	$4,325
Equipment	$825,000	$825,000
Acc. Depr - Equipment	-$618,750	-$721,875
Total Assets	$427,005	$302,700
Accounts Payable	$24,000	$22,250
Wages Payable	$11,755	$7,500
Income Taxes Payable	$4,500	$3,200
Long Term Notes Payable	$89,000	$48,000
Common Stock	$245,000	$143,300
Retained Earnings	$52,750	$78,450
Total Liabilities and Equity	$427,005	$302,700
Income Statement
Sales	$545,750
Cost of Goods Sold	$318,750
Gross Profit	$227,000
Operating Expenses:
Depreciation Expense	$103,125
Other Operating Expense	$91,750
Income Before Taxes	$32,125
Income Tax Expense	$6,425
Net Income	$25,700
Statement of Cash Flows
Net Cash Provided from Operating Activities
NOT required to complete the investing or financing sections