Answer Happy

The following information is available for Sweet Acacia Industries for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 38,400 9,120 65,600 7,680 4,960 91,520 166,400 60,800 6,240 129,600 105,600 256,000 4

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15.000 or in parenthesis e-a. (15.000). Sweet Acacia Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to > 1000