Anderson Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. As customary, the most recent data is in the first column.
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2012
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12-31-2011
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Balance Sheets
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12-31
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$ E
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0.000 0.000 0.000 5.000)
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$ 20.000
134.000
105.000
27.000
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Cash
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Inventory
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1E
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Equipment
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Accumulated depreciation
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(2
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5.000
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$ 232.000
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2E
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$ 75.000
180.000 20.000 10.000
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$ 96.000
110.000
19,000
7.000
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Accounts payable
Bonds payable (due in 7 years.) Common stock
Retained earnings
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$ 285.000
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$ 232,000
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Additional Information:
Net income for 2012 was $6,000.
No equipment was disposed of during 2012.
Required:
Prepare a Cash Flow Statement using the indirect method.