Question

Addedlong termdebt of :	$3,75,000
			Sale of PPE:Accum deprec.=	$70,000
			Sale of PPE: Sold for:	$65,000
			Sale of PPE: Cost = $110000	$1,10,000
			Other comprehensive income inequity increased , offset in Other current assets	$44,000
			Used Treasury Stock to buyPPE	$54,000
			Issued/sold common stock:	$8,00,000
			Paid dividend of	$60,000
			No additions to Goodwill
HW Problem	Prepare Cash FlowStatement; Indirect Method
	Class Company, Inc.
		Balance Sheet asof
	Assets:	12/31/2xx2	12/31/2xx1
	Current Assets:	$s	$s
	Cash	13,54,000	1,93,000
	Accounts Receivable	4,50,000	4,18,000
	Prepaid Expenses	44,000	19,000
	Other Current Assets	55,000	32,000
	Total Current Assets:	19,03,000	6,62,000
	Plant Property &Equipment	12,00,000	9,70,000
	Accumulated Depreciation	5,50,000	4,50,000
	Net Plant Property &Equipment	6,50,000	5,20,000
	Other Non-Current Assets:
	Goodwill	6,10,000	6,10,000
	Deferred Loan PlacementCosts	25,000	25,000
	Other Non-Current assets	72,000	81,000
	Total Other Non-CurrentAssets	7,07,000	7,16,000
	Total Assets	32,60,000	18,98,000
	Liabilities:
	Current Liabilities
	Accounts Payable	1,29,000	1,39,000
	Accrued Expenses	60,000	72,000
	Current Portion of LTdebt	90,000	1,00,000
	Other Current Liabilities	40,000	30,000
	Total Current Liabilities	3,19,000	3,41,000
	Non-Current Liabilities
	Long Term Debt	11,00,000	9,15,000
	Deferred Income Taxes	1,05,000	86,000
	Other Non-currentLiabilities	14,000	12,000
	Total Non-CurrentLiabilities	12,19,000	10,13,000
	Total Liabilities	15,38,000	13,54,000
	Owners Equity
	Paid-in Capital	10,00,000	2,00,000
	Treasury Stock	26,000	80,000
	Dividends paid [before closingentries]	60,000	0
	Other comprehensiveincome	68,000	24,000
	Retained Earnings	7,40,000	4,00,000
	Total Owners' Equity	17,22,000	5,44,000
	Total Liabilities and OwnersEquity	32,60,000	18,98,000
		0	0
	Class Company, Inc.	Statement ofIncome
		Period Ending12/31/2xx2
		$s	$s
	Revenue	45,00,000	100.0%
	Cost of Goods Sold	23,00,000	51.1%
	Gross Profit	22,00,000	48.9%
	Operating Expenses:
	Total Operating Expenses	17,00,000	24.5%
	Operating Income	5,00,000	11.1%
	Other Income ( net of(expense))	60,000	1.3%
	Income Before Taxes	5,60,000	12.4%
	Provision for IncomeTaxes	2,20,000	4.9%
	Net Income	3,40,000	7.6%