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Additional Information on Year 2012 Transactions a. Purchased equipment for $30,250 cash. b. Issued 3,000 shares of common stock ftw $21 cash per share. c Declared and paid $60,000 of cash dividends. Required 1. Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A. I.report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the foLlowing list of transactions and events. a. Net income was 5202,767 b. Accounts receivable decreased. c. Merchandise inventory increased. d. Accounts payable decreased. e. Income taxes payable decreased. f. Depreciation expense was 515,700 g. Purchased equipment for $30,250 cash. h. Issued 3,000 shares at $21 cash per share. i. Declared and paid 560,000 of cash dividends. 2. Prepare a complete statement of cash flows; report its cash inflows and cash outflows and from operating activities according to the indirect method.Muller Co., a merchandiser, recently completed its 2012 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Muller?s balance sheets and income statement follow. Muller Company Income Statement For Year Ended December 31, 2012

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