Use the above information to prepare a statement of cash flows for the current year using the indirect method. Comparative Balance Sheets December 31
Current Year Prior Year
Assets
Cash $ 32,300 $ 32,400
Accounts receivable, net 10,600 13,000
Inventory 95,100 75,100
Total current assets 138,000 120,500
Equipment 52,700 44,500
Accum. depreciation—Equipment (23,800 ) (16,500 )
Total assets $ 166,900 $ 148,500
Liabilities and Equity
Accounts payable $ 25,300 $ 27,400
Salaries payable 500 600
Total current liabilities 25,800 28,000
Equity
Common stock, no par value 117,300 107,400
Retained earnings 23,800 13,100
Total liabilities and equity $ 166,900 $ 148,500

MONTGOMERY INC.
Income Statement
For Current Year Ended December 31
Sales $ 46,200
Cost of goods sold (19,200 )
Gross profit 27,000
Operating expenses
Depreciation expense $ 7,300
Other expenses 5,600
Total operating expense 12,900
Income before taxes 14,100
Income tax expense 3,400
Net income $ 10,700

Additional Information on Current-Year Transactions

No dividends are declared or paid.
Issued additional stock for $9,900 cash.
Purchased equipment for cash; no equipment was sold.

1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

it would be 6xy and -16xy.

step-by-step explanation:

infinity is the answer

your exact question is kind of difficult to understand, so maybe an example will explain what you're supposed to do? i'll work through the first problem on the worksheet.

suppose you have a tray of 652 brownies, and you have 5 friends that you want to feed without picking favorites. how many brownies can you dole out to each of your friends in equal amounts? how many will be left over for you to eat?

what you're doing here is finding a way to arrange the number 652 as the sum of integer multiple of 5 and some remainder:

here ("q" for quotient) is the number of brownies each of your friends get, and is the remainder. that's the basic idea behind division.

we break up the number 652 into parts so that the leading digit stands on its own:

652 = 600 + 52

first we check if it's possible to hand out exactly 100 brownies to each friend. with 5 friends, this means we want to know if we can take out 500 brownies from the tray. we can do this 1 time because we have 600 brownies to take from, and when we do that we're left with 100 + 52 brownies to divvy up. so we know that

652 = 1*500 + 152

next we want to know if it's possible to hand out exactly 10 brownies per friend. if we can, we have to remove 50 brownies from the tray each time until we can't. we have 152 brownies left, and we know that 3(50) = 150, so

152 = 3*50 + 2

now we have 2 brownies left in the tray. is it possible to hand 1 out to each of your 5 friends? no, you'd need a minimum of 5 brownies to do that. so the last 2 are yours.

putting everything together, we found that

652 = 1*500 + 3*50 + 2

and we can rearrange this to write

652 = 5*100 + 5*30 + 2

652 = 5(100 + 30) + 2

652 = 5*130 + 2

so and .

you might be more accustomed to the table depicting the algorithm. that's just a compact way of organizing what we've done above. you can consult the image i've attached below.