Arundel Company disclosed the following information for its recent calendar year. Income Statement Data
Selected Year-End Balance Sheet Data
Revenues $85,000
Accounts receivable decrease$26,000
Expenses
Purchased a machine for cash 19,000
Salaries expense 72,000
Salaries payable increase 26,000
Utilities expense 29,000
Other accrued liabilities decrease 16,000
Depreciation expense 32,000
Other expenses 7,100
Net loss $(55,100)
Required:
Prepare the operating activities section of the statement of cash flows using the indirect method.

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.