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lse the following balance sheets and Income statement to answer QS 12-11 through QS 12-16 as 12-11 Indirect: Computing cash from operations Balance Sheets ,2015 P2 Assets sum $ 24,000 41,00 $1,000 4200 27000 175,00 ,.. , .. esm n paid expensss Llabilities and Equity ncome Seatement payable -.. 15,000 $21,000 9,0005,000 Wages payabie. 25400 21600 payable (ongcarm)....009 000 94400 97,600 Greis profte Tocal labiticles... Equity Common stock, SS par va.. Retained earnings. ถ7400 22, 00 17%000 35.6008.400 Required ise the indirect method to prepare the cash provided or used from operating activities section oaly of the statement of cash flows for this compazy Refer to the data in QS 12-11. aS 12-12 Computing cash from asset sales P3 Furniture costing $55,000 is sold at its book value in 2015.Aoquisitions of furniture total $45.0 on which no depreciation is nocessary because it is acquired at year ead. What is the cash infow to the sale of fumiture? Refe to the data in QS 12-11 Computing financing 1. Assume that all common stock is issued for cash. What amount of cash dividends is peid dnring 2oug cash outflows aS 12-13 2. Assume that no additional notes payable are issued in 2015. What cash amount is paid to reduce t P3 notes payable balance in 2015 Please help me answer the 2 questions at the bottom!
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