The income statement, balance sheets, and additional information for Bigger, Inc., are provided below. Bigger, INC. Inco

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The Income Statement Balance Sheets And Additional Information For Bigger Inc Are Provided Below Bigger Inc Inco 1 (62.87 KiB) Viewed 36 times

The Income Statement Balance Sheets And Additional Information For Bigger Inc Are Provided Below Bigger Inc Inco 2 (48.71 KiB) Viewed 36 times

The Income Statement Balance Sheets And Additional Information For Bigger Inc Are Provided Below Bigger Inc Inco 3 (53.25 KiB) Viewed 36 times

The income statement, balance sheets, and additional information for Bigger, Inc., are provided below. Bigger, INC. Income Statement For the year ended December 31, 2022 $193,810 Net revenues: Expenses: $39,900 68,480 19,350 10,276 15,900 153,906 $ 39,904 Bigger, INC. Balance Sheets: December 31, 2022 and 2021 Increase (I) or Decrease (D) 2022 $287,470 50, 120 $ 232,210 (1) 50,120 (1) 9,800 (1) 9,800 1,180 4,440 (D) 780,000 780,000 (1) 884,000 90,840 884,000 (1) 36,840 (1) 19,350 (1) (28,050) $2,075,360 33,120 890 $ 29,760 (I) 15,900 29,400 1,620 (1) 29,400 (1) 770,456 (1) 803,256 148,000 1,158,800 59,994 (174,000) 128,000 (1) 1,158,800 (1) 25,144 (1) (174,000) (1) $2,075,360 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable: Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity. Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 2021 $ 55,260 0 0 5,620 0 0 54,000 (8,700) $115,700 $ 3,360 890 14,280 0 32,800 20,000 0 34,850 0 $115,700
Additional Information for 2022: 1. Land of $780,000 was obtained by issuing a note payable to the seller. 2. Buildings of $884,000 and equipment of $36,840 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $9,544. 4. Issued common stock for $1,280,000. 5. Purchased 12,800 shares of treasury stock for $29 per share. 6. Sold 6,800 shares of treasury stock at $30 per share. 7. Declared and paid a cash dividend of $14,760. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Bigger, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Auk $ 0 0 < Pray # 22
Prepare the statement of casni nows for the year endea December 31, 2uZz, using the indirect method. (List casn ou decrease in cash as negative amounts.) Bigger, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities $ $ 0 0 0 0 0