Chapter 11 project Accounting.xlsx - The Statement of Cash Flows Prepare the statement of cash flows — indirect method The income statement and

Chapter 11 project Accounting.xlsx - The Statement of Cash...

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The Statement of Cash Flows Prepare the statement of cash flows — indirect method The income statement and additional data of Barnaby Travel Products, Inc., follow: Barnaby Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 236,000 Dividend revenue 8,500 Expenses: Cost of goods sold 96,000 Salary expense 60,000 Depreciation expense 28,000 Advertising expense 4,700 Interest expense 2,800 Income tax expense 14,000 Net income Acquisition of plant assets: Paid in cash $ 104,000 Signing a note payable $ 52,000 Total $ 156,000 Proceeds from the sale of land $ 39,000 Proceeds from the issuance of common stock $ 31,000 Payment of a long-term note payable $ 16,000 Payment of dividends $ 8,000 From the balance sheet: Decemb 2018 Current assets: Cash $ 170,000 Accounts receivable 47,000 Inventory 30,000 Prepaid expenses 9,000 Current liabilities: Additional data of Barnaby Travel Products, Inc., is given below:
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Accounts payable $ 34,000 Accrued liabilities 90,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs.
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