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Following are the financial statements of Clinton-Trump Charm School 2018 2017 cash 100,000 24000 a/r...

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Accounting

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Following are the financial statements of Clinton-Trump Charm School 2018 2017 cash 100,000 24000 a/r 80,000 70000 inventory 200,000 222,000 equip 200,000 100,000 a/d equip 60,000 40000 land 800,000 1,000,000 total assets 1,320,000 1,376,000 accts pay 200,000 160,000 200,000 common stock 180000 r/e 920,000 1,036,000 Income statement sales 400,000 160,000 Cogs 60,000 oper expenses depreciation exp 20,000 loss on sale land 80000 income 80,000 Other information a) Clinton-Trump sold some stock during the year b) Clinton-Trump only had 1 transaction dealing with land this year c) Clinton-Trump purchased some equipment this year d) Clinton-Trump paid a dividend this year REQUIRED: PREPARE A STATEMENT OF CASH FLOWS using the DIRECT METHOD

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