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*P12-6A Data for Retzlaff Company are presented in P12-5A

Price: $3.99


*P12-6A Data for Retzlaff Company are presented in P12-5A.

Instructions

Prepare the operating activities section of the statement of cash flows using the direct method

data from P12-5A

RETZLAFF COMPANY
Income Statement
For the Year Ended December 31, 2012
Revenues $970,000
Operating expenses, excluding depreciation $614,000
Depreciation expense 55,000
Loss on sale of equipment 16,000 685,000
Income before income taxes 285,000
Income tax expense 56,000
Net income $229,000

and so on ....


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