Tyra Company’s 2011 income statement and selected balance sheet data at December 31, 2010 and 2011, follow ($ thousands).
TYRA COMPANY Income Statement For Year Ended December 31, , 2011 | |
Sales revenue | $412,000 |
Expenses |
|
Cost of goods sold | 244,000 |
Depreciation expense | 64,000 |
Salaries expense | 30,000 |
Rent expense | 20,000 |
Insurance expense | 5,200 |
Interest expense | 4,800 |
Utilities expense | 4,000 |
Net income | $ 40,000 |
TYRA COMPANY Selected Balance Sheet Accounts | ||
At December 31 | 2011 | 2010 |
Accounts receivable | $820 | $700 |
Inventory | 272 | 296 |
Accounts payable | 480 | 520 |
Salaries payable | 280 | 220 |
Utilities payable | 40 | 0 |
Prepaid insurance | 28 | 36 |
Prepaid rent | 40 | 60 |
Required
Prepare the cash flows from operating activities section only of the company’s 2011 statement of cash flows using the indirect method.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.