The following financial statements were furnished by Betten Company:

At the end of 2010, Betten purchased some additional equipment for $10,000.

Required:
Prepare a statement of cash flows by using the indirectmethod.

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Betten Company Balance Sheets September 30, 2009 and 2010 2009 2010 Assets Cash Marketable securities Accounts receivable Inventory Plant and equipment Accumulated depreciation $ 2,000 1,500 4,800 9,000 30,000 5,000) (8,000) $39,300 $11,000 500 3,800 10,400 20,000 Total assets $40,700 2009 2010 Liabilities and equity Accounts payable Accrued wages Common stock Retained earnings $2,400 600 25,000 12,700 $40,700 $ 1,600 400 25,000 12,300 $39,300 Total liabilities and equity Betten Company Income Statement For the Year Ended September 30, 2010 $20,000 Sales Less Cost of goods sold Beginning inventory Purchases $10,400 13,000 ,000)14,400) (2,000) (1,000) (3,000) $ (400) Ending inventory Less Wages expense Less Advertising Less Depreciation expense Net income (loss)