The following three accounts appear in the general ledger of Coronado Corp. during 2022.

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The following three accounts appear in the general ledger ofCoronado Corp. during 2022.

The Following Three Accounts Appear In The General Ledger Of Coronado Corp During 2022 1 (131.72 KiB) Viewed 13 times

Date Jan. 1 July 31 Sept. 2 Nov. 10 Date Jan. 1 Nov. 10 Dec. 31 Date Jan. 1 Aug. 23 Dec. 31 Balance Purchase of equipment Purchase of equipment Cost of equipment sold Balance Balance Equipment Accumulated depreciation on equipment sold Depreciation for year Net income Retained Earnings Dividends (cash dividends declared and paid) Debit Accumulated Depreciation-Equipment 68,100 54,600 Debit 17,200 Debit 15,800 Credit Balance 161,200 49,100 24,200 Credit 229,300 Credit Balance 截屏 283,900 234,800 70,700 53,500 77,700 Balance 104,200 88,400 155,100

From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $8,400. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets CORONADO CORP Partial Statement of Cash Flows For the Year Ended December 31, 2022 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Purchase of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Cash Used by Financing Activities $ 24200 -15800 $ 66700