Additional information: 1. 2. 3. 4. 5. 6. 7. Net income for 2022 was $102,800. Depreciation expense was $32,500. Cash di

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Additional Information 1 2 3 4 5 6 7 Net Income For 2022 Was 102 800 Depreciation Expense Was 32 500 Cash Di 1 (291.74 KiB) Viewed 14 times

Additional information: 1. 2. 3. 4. 5. 6. 7. Net income for 2022 was $102,800. Depreciation expense was $32,500. Cash dividends of $40,400 were declared and paid. Bonds payable with a carrying value of $53,000 were redeemed for $53,000 cash. Common stock was issued at par for $40,900 cash. No equipment was sold during 2022. Land was sold for its book 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).) SHERIDAN Company Statement of Cash Flows

Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total SHERIDAN Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional int 2022 $72,900 85,800 170,100 73,700 259,700 (66,200) $596,000 $35,000 151,000 216,400 193,600 $596,000 2021 $32,600 71,300 186,800 100,200 200,200 (33,700) $557,400 $46,700 204,000 175,500 131,200 $557,400 截屏

Adjustments to reconcile net income to SHERIDAN Company Statement of Cash Flows > > > $ $