The Following Data Is Supplied from the Comparative Balance Sheets
Question 141
Question 141
Essay
The following data is supplied from the comparative balance sheets and income statement information from Webber,Inc.Webber uses the indirect method to prepare its statement of cash flows. Webber, Inc. Comparative Balance Sheets Cash Accounts receivable Prepaid insurance Inventory Property, plant, and equipment Accumulated depreciation Total Accounts payable Operating expenses payable Long term notes payable Common stock tained earnings Income Statement Revenue Cost of goods sold Gross margin Depreciation expense Other operating expense Net income 12/31/ Year 2$22,00012,0008,00014,00022,000(6,000)$72,000$20,00014,00010,00018,00010,000$72,000 Year 2$70,00040,00030,0002,00018,000$10,00012/31/ Year 1$16,0008,00010,00016,00016,000(4,000)62,000$16,00016,00012,00012,0006,000$62,000 Required: a)Calculate the cash flow from operating activities (using the indirect method). b)Calculate the cash flow from investing activities. c)Calculate the cash flow from financing activities.
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