Madigan Pets Supply Inc. has the following account balances at
December 31, 2022 and 2023:
December 31, 2023
December 31, 2022
Cash
$1,200,000
$1,050,000
Notes Receivable
$300,000
$100,000
Plant Asset (net)
300,000
100,000
Long Term Security Investments
$150,000
250,000
Bonds Payable
$550,000
$350,000
Common Stock
300,000
120,000
Additional Paid-in Capital
50,000
20,000
Retained Earnings
200,000
150,000
Dividends Declared and Paid
24,000
18,000
Depreciation Expense (annual)
50,000
50,000
Long-term Intangible Assets(net)
$8,000
$12,000
Amortization Expense (annual)
$6,000
$8,000
Additional information:
Using the indirect method, prepare Madigan Pets Supply's
financing section of the statement of cash flows for the year
ending December 31, 2023.
Madigan Pets Supply Inc. has the following account balances at December 31, 2022 and 2023: December 31, 2023 December 31
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