1. question

2. question

Sarasota Corp.'s statement of financial position at the end of 2022 included the following items: The following information is available for the 2023 fiscal year: During the year, Marigold retired \$ in bonds payable by issuing common shares. Disclosure for the amount paid for interest and income tax would be included. Question 3 of 5 A comparative statement of financial position for Marigold Industries Inc. follows: Question 3 of 5 /1 Additional information: 1. Net income for the fiscal year ended December 31,2023 , was $145,000. 2. Cash dividends of $64,000 were declared and paid. Dividends paid are treated as financing activities. 3. Bonds payable amounting to $53,000 were retired through the issuance of common shares. 4. Land was sold at a gain of $5,000. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow using either a negative sign prece the number e.g. -45 or parentheses e.g. (45).) 1. Net income was $407,000. Interest paid is treated as an operating activity. 2. Equipment (cost of $21,300 and accumulated depreciation of $8,090 ) was sold for $11,700. 3. Depreciation expense was $4,140 on the building and $9,080 on equipment. 4. Amortization expense on a patent was $3,130. 5. Current assets other than cash increased by $35,000. Current liabilities increased by $20,000. 6. An addition to a building was completed at a cost of $32,200. 7. An FV-OCl investment in shares was purchased for $21,000 on the last day of the year. This was the first such investment made by Sarasota in its history. 8. Bonds payable of $76,200 were issued at par. 9. Cash dividends of $184,000 were declared and paid. Dividends paid are treated as financing activities. Sarasota prepares financial statements in accordance with IFRS