- Chapter 4 Statement Of Cash Flows 195 11 The Following Comparative Balance Sheets And Income Statement Are Available Fo 1 (303.98 KiB) Viewed 34 times
CHAPTER 4 Statement of Cash Flows 195 11. The following comparative balance sheets and income statement are available for AddieMae Inc. Prepare a statement of cash flows for 2016 using the indirect method and analyze the statement. December 31, 2016 2015 $ 3,300 1,100 11,200 $15,600 $ 3,000 (1,300) $ 1,700 1,200 $18,500 Cash Accounts rnceivable (net) Inventory Total Current Assets Plant and equipment Less accumulated depreciation Plant and equipment (net) Long-term investments Total Assets Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term debt Total Liabilities Common stock ($1 par) and additional paid-in capital Retained earnings Total Liabilities and Equity $1,000 600 4,300 $ 5,900 $ 2,300 (800) $1,500 900 $8200 $ 2.500 60X0 100 $3,200 0 $ 3,200 7,300 (2,200) $ 8,300 700 400 $ 4,100 200 $ 4,600 9,900 4.000 $18,500 Income Statement for 2016 $94,000 55,000 $39,000 $ 28,800 500 Sales Cost of goods sold Gross profit Selling and administrative Depreciation Operating profit Interest expense Earnings before tax Tax expense Net income 29 300 $ 9,700 1000 $ 9,600 3,400 S 6 2009