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Home Free lnc. had the following financial information for 2013. Prepare...

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Accounting

Home Free lnc. had the following financial information for 2013. Prepare the statement of cash flows using
the indirect method for the operating section. Briefly analyze the statement - what do you learn from it?
Additional information: Old equipment was sold for $1300 cash when the original cost of the equipment
sold was 534,800. No new equipment was purchased in 2013. Land was purchased with cash. Assume any
new stock was issued for cash. Dividends were paid in Cash.
Enter omounts subtrocted or cosh poidl used os negotive amounts.
Home Free, Inc.
Income Statement
For Year Ended December 31,2013
Home Free, Inc.
Statement of Cash Flows
For Year Ended December 31,2013
Cash Flows from Operating Activities:
Adjustments to reconcile net income to net cash
Total Adjustments
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
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