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help!! Preparing the Statement of Cash Flows Balance sheet...

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Accounting

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Preparing the Statement of Cash Flows Balance sheet information for Beckwith Products Company is presented below. 1. Net income for the year was 558,400 . 2. Cash dividends of $17,800 were dedared and paid during the year. 3. During the year, Bechwith issued $50,000 of notes payable and repaid $35,000 principal relating to notes payable. 4. Common stock was issued for $40,800cash. 5. Depreciation expense was $20,650, and there were no disposals of equipment. Required: 1. Prepare a statement of cash flows (indirect method) for Beckwith Products, Use a minus sign to indicate any decreases in cash or cash outflows. 2. Compute the following cash-based performance measures: a. Free cash flow b. Cash flow adequacy (Note: Assume that the average amount of debt maturing over the next 5 years is $85,000 ). Round ratio to two decimal places. Enter negative values as negative numbers. 10 more Check My Work uses remaining

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