Prepare the statement of cash flows for Brindley Company using the indirect method. You may write out the statement, or prepare the T accounts.
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Get Help NowBrindley Company Income Statement For the Year Ended December 31, 2012
Revenues $8,500 Depreciation expense $ 800 Other operating expenses 6,100 6,900 Income before income taxes $1,600 Interest expense 850 Income tax expense 300 Net income $ 450
Brindley Company Balance Sheet December 31, 2012 and 2011
2012 2011 2012 2011 Assets: Liab. & SE: Cash $ 650 $ 130 A/P $ 520 $ 500 A/R 770 610 Inc.Taxes/Pay. 270 280 Inventories 835 870 LT debt 415 250 Plant & Equip . 3,450 2,870 Common Stock 1,260 1,260 Less: Acc. Depr. (1,690) (890) Retained Earnings 1,550 1,300 Total Assets $4,015 $3,590 Total Liab. & SE $4,015 $3,590
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