sswprepare the cash flow statement for norwich manufacturing inc under the direct me 4374394

sswPrepare the cash flow statement for Norwich Manufacturing, Inc. under the direct method using the information provided in P22-7. Provide all required disclosures. In P22-7 Norwich Manufacturing, Inc. provided you with the following comparative balance sheets and income statement. Norwich Manufacturing, Inc. Income Statement For the Year Ended December 31 Current Year Sales…………………………………………….. $ 2,433,244 Cost of Goods Sold……………………………….. 1,459,946 Gross Profit………………………………………… $ 973,298 Selling, General, and Administrative Expenses….. $ 59,800 Pension Expense………………………………….. 260,510 Bad Debt Expense………………………………… 1,650 Depreciation Expense…………………………….. 19,470 Amortization Expense…………………………….. 7,425 Total Operating Expenses………………………… $ 348,855 Income before Interest and Taxes………………… $ 624,443 Interest Expense………………………………….. $ (55,110) Interest Revenue 0 Investment Income (includes Gain on Sale)…………………………… 55,000 Equity Earnings from Affiliate Companies………. 164,500 Income before Tax………………………………… $ 788,833 Income Tax Expense………………………………. (301,873) Net Income………………………………………… $ 486,960 View Solution:
SswPrepare the cash flow statement for Norwich Manufacturing Inc under

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