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full answer Using the income statement and balance sheets of AlHada Water...

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Using the income statement and balance sheets of AlHada Water Company, prepare statement of cash flows for the year ended December 31, Year 9, using the indirect method. AlHada Water Company Income Statement For Year Ended December 31, Year 9 Sales 1000 Cost of goods sold (650) Depreciation expense (100) General Expenses (100) Interest expense (50) Income Tax expense (40) Net Income 60 Year 9 AlHada Water Company Balance Sheets December 31, Year 9 and Year 8 Year 8 Assets Cash 50 Accounts receivable, net 500 Inventory 750 Current assets 1,300 Fixed assets, net 500 Total assets $1,800 Liabilities and Equity Accounts payable 590 Deferred income tax 300 Interest payable 10 Current liabilities 700 Long-term debt 300 Long term notes payable to banks $ 100 Capital stock 400 Retained earnings 100 Total liabilities and equity $1,800 60 520 770 1,350 550 $1,900 615 310 20 710 350 $ 75 400 130 $1,900

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