Please do not give solution in image format thanku Exercise 12-8Bramble Corp.'s comparative balance sheets are presented below.CashAccounts receivableLandBuildingsAccumulated depreciation-buildingsTotalAccounts payableCommon stockRetained earningsTotalBramble Corp.Comparative Balance SheetsDecember 31e here to search2019$ 14,60021,10019,90069,800(15,200)$110,200O$ 11,90075,10023,200$110,200Additional information:1. Net income was $22,600. Dividends declared and paid were $19,000.2. No noncash investing and financing activities occurred during 2019.3. The land was sold for cash of $4,500.2018$ 10,50023,50026,10069,800(10,800)Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts th(15,000).)XDi e$119,100E$ 28,50071,00019,600$119,100CHEa

Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Bramble Corp. Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2019 $ 14,600 21,100 19,900 69,800 (15,200) $110,200 $ 11,900 75,100 23,200 $110,200 2018 $ 10,500 23,500 26,100 69,800 (10,800) $119,100 $ 28,500 71,000 19,600 $119,100 Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2019 using the indirect method (15.000)) (56) 4

Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Bramble Corp. Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2019 $ 14,600 21,100 19,900 69,800 (15,200) $110,200 $ 11,900 75,100 23,200 $110,200 2018 $ 10,500 23,500 26,100 69,800 (10,800) $119,100 $ 28,500 71,000 19,600 $119,100 Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2019 using the indirect method (15.000)) (56) 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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