Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $103,000. b. Dividends of $86,000 cash were declared and paid. c. The only noncash expense was $73,000 of depreciation. d. Purchased plant assets for $73,000 cash. e. Notes payable of $23,000 were issued for $23,000 cash. f. $73,000 increase in accounts receivable. g. $23,000 decrease in inventory. h. $13,000 decrease in accounts payable. Dec. 31, 2019 SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows—Indirect Method For Year Ended December 31, 2019 Analysis of Changes Dec. 31, 2018 Debit Credit Balance Sheet-Debit Bal. Accounts Cash $ 89,000 Accounts receivable 123,000 Inventory 256,000 Plant assets 603,000 $ 1,071,000 Balance Sheet-Credit Bal. Accounts Accumulated depreciation 103,000 Accounts payable 156,000 66,000 196,000 233,000 676,000 1,171,000 $ $ 176,000 143,000 Dec. 31, 2019 SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Analysis of Changes Dec. 31, 2018 Debit Credit Balance Sheet-Debit Bal. Accounts Cash $ 89,000 Accounts receivable 123,000 Inventory 256,000 Plant assets 603,000 $ 1,071,000 $ 66,000 196,000 233,000 676,000 1,171,000 $ Balance Sheet-Credit Bal. Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings 103,000 156,000 373,000 203,000 236,000 1,071,000 176,000 143,000 396,000 203,000 253,000 1,171,000 $ $ Statement of Cash Flows Operating activities $ 1,071,000 $ 1,171,000 $ Balance Sheet-Credit Bal. Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings 103,000 156,000 373,000 203,000 236,000 1,071,000 176,000 143,000 396,000 203,000 253,000 1,171,000 L $ $ Statement of Cash Flows Operating activities Investing activities Financing activities 0 $

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now