________ _________
Total $ 110,500 $ 120,100
Accounts payable $ 12,370 $ 31,100
Common stock 75,000 69,000
Retained earnings 23,130 20,000
_________ _________
Total $ 110,500 $ 120,100
Instructions
a. Prepare a statement of cash flows for 2017 using the indirect method.
b. Compute free cash flow.
P13-1A
You are provided with the following transactions that took place during a recent fiscal year.