24. The Statement of Cost of Goods Manufactured (CGM) and the Income Statement from the work sheet of Pacheco Aluminum Products as of December 31, 2022 are below. Account Name Sales (net) Selling Expenses (control) General Expenses (control) Raw Materials Purchases (net) Direct Labor Indirect Labor Heat, Light, and Power Depreciation Expense, Machinery Factory Supplies Used Interest Expense Income Tax Expense RM Beginning & Ending Balances WIP Beginning & Ending Balances CGS Beginning & Ending Balances Cost of Goods Marfufactured Net Income Required: b) Notes Payable Wages Payable Interest Payable Total Liabilities Liabilities Owner's Equity H. Braun, Capital Total Liabilities and Owner's Equity a. b. Statement of CGM Debit Credit 250,700.00 353,500.00 72,800.00 18,200.00 14,200.00 3,200.00 Prepare a statement of cost of goods manufactured. Prepare an income statement. 46,900.00 83,600.00 48,100.00 85,400.00 843,100.00 133,500.00 709,600.00 843,100.00 843,100.00 $ 8,000 4,300 500 $ 12,800 185,000 $197,800 Income Statement Debit 82,300.00 21,600,00 11,000.00 28,100.00 $ 98,800.00 126,500.00 709,600.00 951,400.00 999,800.00 48,400.00 999.800.00 999.800.00 S 0 3,900 0 3,900 187,800 $191,700 Credit 873,300.00 Required: Prepare a statement of cash flows for the year 2013, using the indirect method. $ 8,000 400 500 $ 8,900 An examination of the accounting records revealed the following: Paid cash for purchase of a long-term asset (equipment) in the amount of $22,000. Issued a note payable for a long-term loan and received the full principal in cash, $8,000. (2,800) $ 6,100

24. The Statement of Cost of Goods Manufactured (CGM) and the Income Statement from the work shect of Pacheco Aluminum Products as of December 31, 2022 are below. requrea: a) Prepare a statement of cost of goods manufietured b) Prepare an income statement. An examination of the accounting records revealed the following: a. Paid cash for purchase of a long-term asset (equipment) in the amount of \$22,000. b. Issued a note payable for a long-term loan and received the full principal in cash, 58,000 . Required Prepare a statement of cash flows for the year 2013, using the indirect method