6. Use the following selected data and additional information toanswer the questions that follow:
Balance Sheet Data
2012
2011
Accounts receivable
$ 36,000
$ 42,000
Inventories
28,000
25,000
Accounts payable
31,000
35,000
Salaries payable
2,000
1,000
Equipment
60,000
40,000
Accumulated depreciation
12,000
16,000
Bonds payable
50,000
100,000
Common stock
150,000
100,000
Retained earnings
38,000
20,000
Income Statement Data
2012
Net sales
$420,000
Cost of goods sold
300,000
Operating expenses (excluding depreciation expense)
84,000
Net income
30,000
Gain on sale of equipment (included in net income above)
2,000
Additional information:
1.
Equipment with a cost of $15,000 and a book value of $3,000 wassold for $5,000 during 2012.
2.
Common stock was issued to retire bonds payable during 2012.
3.
Dividends declared and paid during 2012 were $12,000.
A.
Prepare the operating activities section of a statement of cashflows for 2012 using the indirect method.
B.
Prepare the investing activities section of a statement of cashflows for 2012.
C.
Prepare the financing activities section of a statement of cashflows for 2012
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