Based on the information provided below, prepare the statement of cash flows for the Decker Uniform

Based on the information provided below, prepare the statement of cash flows for the Decker Uniform Co.Decker Uniform Co.Comparative Balance SheetFor the Year Ended December 31, 20122012 2011Assets Cash 140,000 160,000Accounts Receivables 400,000 380,000Inventory 480,000 420,000Fixed Assets (net of accumulated Depreciation) 1,860,000 1,720,000Less: Accumulated Depreciation (1,000,000) (900,000)Total 1,880,000 1,780,000Liabilities & Owner’s Equity Accounts Payable 240,000 260,000Accrued expense 120,000 100,000Bonds Payable 780,000 720,000Capital Stock 420,000 420,000Retained Earnings 320,000 280,000Total 1,880,000 1,780,000Additional Information:1.Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000.2. Decker Uniform Co.’s only noncash expense was depreciation Expense which totaled $100,000.3. The company purchased plant assets for $140,000.4. Bonds payable in the amount of $60,000 were issued during the year.

 

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