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Prepare the statement of cash flows using the Indirect method for the year ended December...

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Accounting

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Prepare the statement of cash flows using the Indirect method for the year ended December 31, current year. A recent annual report for Carmelo Company contained the following information for the period (dollars in 000) Income Statement Net Sales Revenue Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 422,750 268.000 11,700 45.500 18.000 18 600 17.050 15500 25.800 Selected Balance Sheet Accounts Decrease in Accounts receivable Increase in Merchandise inventory Increase in Property and equipment Decrease in Accounts payable Decrease in Note payable, long-term Increase in Common Stock Dividends Paid Cash, Beginning of Current Year Cash, End of Current Year -0,100 5.450 48.900 -2.500 -14.700 38 Oso 1,050 11,500 Caroline For the Year Ended December Cash Flows from Operating n-Cash Adjustments to Income Changes in Current Assets and current Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Used In Investing Activities Cash Flows from Financing Activities: Net Cash Provided by Financing Activities Net Increase in Cash Cash, Beginning of Current Year Cash, End of Current Year

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