(Solved): From the above given financial information, prepare the Cash flow Statement of ABC Corp. for t ...

From the above given financial information, prepare the Cash flow Statement of ABC Corp. for the period covered December 31, 2021 using the Indirect method.

 

2021 2020 Cash Accounts Receivable Inventories Prepaid Expenses Property and Equipment Accumulated Depreciation Long term investments Notes Payable (due one year) Accounts Payable Accrued Liabilities Dividends Payable Bonds Payable Common Stock, P10 par Retained Earnings 14,000 21,000 50,000 2,000 190,000 ( 65,000) 70,000 36,000 26,000 10,000 13,000 50,000 80,000 67,000 10,000 15,000 43,000 6,000 140,000 (54,000) 90,000 31,000 25,000 12,000 18,000 40,000 70,000 54,000 Sales Cost of sales Operating expenses Interest expenses Income taxes (25%) Income after tax 230,000 120,000 65,000 5,000 10,000 30,000 200,000 100,000 60,000 4,000 9,000 27,000