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Please show all work Show all T Accounts if any...

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Accounting

Please show all work
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Show all T Accounts if any are used please show those as well
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Below please find the condensed financial data for Fairchild Company for 2012 and 2011. Prepare the Statement of Cash Flows using the Indirect Method. FAIRCHILD COMPANY COMPARATIVE BALANCE SHEET As OF DECOMBER 31, 2012 AND 2011 2012 2011 $1,100 $1,800 1,600 (1,200) inventory Plant assets 1,700 Long-term 1,300 1,470 57.160 $6,300 800 $1,200 Accounts payable Accrued labilities Bonds payable Common stock Retained earnings 1,650 1,700 1,900 1,900 $7,150 FAIRCHILD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2012 $6,900 4,700 Cost of goods sold Gross margirn Selling and administrative expenses930 Income from operations Other revenues and gains 1,270 Gain on sale of investments Income before tax Income tax expense Net income 1,350 $ 810 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2012. Cash dividends were $260 Instructions Prepare a statement of cash flows using the indirect method

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