1.) Prepare a statement of cash flows using the indirect method for the year ending December 31, 2011. Balance Sheet 2011 2010 Cash $ 18,000 $25,000 Supplies 10,000 12,000 Accounts receivable (net) 31,000 35,000 Inventory 51,000 52,000 Prepaid expenses 9,000 3,000 Buildings, and equipment 400,000 360,000 Less: accumulated depreciation (100,000) […]