Swifty Corporation's comparative balance sheets are as follows. Cash Accounts receivable Investments Equipment Accumulat

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Swifty Corporation S Comparative Balance Sheets Are As Follows Cash Accounts Receivable Investments Equipment Accumulat 1 (103.6 KiB) Viewed 37 times

Swifty Corporation's comparative balance sheets are as follows. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total Accounts payable Bonds payable Common stock Retained earnings SWIFTY CORPORATION Comparative Balance Sheets December 31 Total 2022 $16,800 25,000 19,850 60,050 (14,150) $107,550 $14,550 10,500 49,800 32,700 $107,550 2021 $17,500 22,300 15,850 70,050 (10,500) $115,200 $11,150 30,100 45,400 28,550 $115,200

Additional information: 1. 2. 3. 4. (a) Net income was $18,550. Dividends declared and paid were $14,400. Equipment which cost $10,000 and had accumulated depreciation of $2,000 was sold for $3,700. No noncash investing and financing activities occurred during 2022. Bonds were retired at their carrying value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) SWIFTY CORPORATION Statement of Cash Flows Adjustments to reconcile net income to

Adjustments to reconcile net income to $

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