Problem 12-19A (Algo) Using financial statements to prepare

Problem 12-19A (Algo) Using financial statements to prepare a statement of cash flows—indirect method LO 12-1, 12-3, 12-4 The comparative balance sheets and an income statement for Raceway Corporation follow. Balance Sheets As of December 31 Year 2 Year 1 Assets Cash $64,030 $41,950 Accounts receivable 28,036 20,560 Inventory 157,556 173,310 Prepaid rent 2,260 4,520…

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