Answer Happy

- /4 Question 8 of 8 < View Policies Current Attempt in Progress The following information is available for Whispering Winds Corp. for the year ended December 31, 2022. $ 42,300 3.500 152,300 7.700 10,300 267.100 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 32.900 11,300 4,400 271,700 24,400 188,000
Whispering Winds Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 267100 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 152300 Increase in Accounts Payable V 4400 Decrease in Accounts Receivable V - 10300 Decrease in Inventory -7700 Decrease in Income Taxes Payable -3500 135200 Net Cash Provided by Operating Activities 402300 Cash Flows from Investing Activities Sale of Land 32900 Purchase of Building -271700
-/4 E Question 8 of 8 < Cash Flows from Investing Activities 32900 Sale of Land Purchase of Building -271700 -238800 > Net Cash used by Investing Activities Cash Flows from Investing Activities Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period