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1. On January 1, 2023 Pedro, Inc. declared and distributed a 5% stock dividend when the FMV was $10.50/ sh. 2. On December 1, 2023
1. On January 1, 2023 Pedro, Inc. declared and distributed a 5\% stock dividend when the FMV was $10.50/ sh. 2. On December 1, 2023 cash dividends of $2 per share were declared and paid. 3. A vehicle which cost $40,000 and had a book value of $5,200 was sold for $4,100. 4. Sold $10,000 patents for $14,200 cash. 5. Issued Bonds on December 31, 2023. 6. Purchased a new vehicle. Instructions (a) From the information above, prepare a statement of cash flows (indirect method) for Pedro, Inc. for the year ended December 31, 2023. (b) From the information above, prepare a schedule of cash provided by operating activities using the direct method
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