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Prepare a statement of cash flows for the year ended December 31, 2018 using the indirect method.

F 17.492.51 2 ABC 23 Less: Expenses 24 Depreciation Expense 25 Insurance Expense 26 Interest Expense 27 Office Supplies Expen

Balance Sheet At December 31, 2017 and 2018 2018 Amount 2017 Amount Amount Amount 410,753.54 41,901.43 24,061.10 740.31 326,3

28 Liabilities 29 Current Liabilities 30 Accounts Payable 31 Payroll Tax Payable 32 Sales Tax Payable 33 Interest Payable 34

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Answer #1
Cash flow from Operating activities Amount(in $)
Net Income                                  1,37,288.38
Add:Depreciation expenses                                     17,492.51
Cash flow before adjustment of working capital items                                  1,54,780.89
Less:Increase in Accounts Receivable                                   (15,225.43)
Less:Increase in Inventory                                     (5,431.10)
Add:Increase in prepaid expenses                                          222.69
Less:Decrease in Current Liabilities($336,627.45-$302,832.73)                                   (33,794.72)
Net Cash flow from Operating activities                                  1,00,552.33
Cash flow from Investing activities
Purchase of land                                     (5,040.00)
Purchase of computer and software                                   (11,115.00)
Net cash from investing activities(B)                                   (16,155.00)
Net Change in cash                                     84,397.33
Cash at Beginning of year                                  3,26,356.30
Cash at end of year                                  4,10,753.63
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