26-1) Following are the income statement and some additional information for Parson Corporation for 2022.

Parson Corporation Income Statement For the Year Ended December 31, 2022 Net sales $10,000 Cost of goods sold (1,500) Gross margin 8,500 Operating expenses $2,000 Depreciation expense 900 (2,900) Income before taxes 5,600 Income taxes (1,600) Net income $4,000

All sales were on credit and accounts receivable increased by $600 in 2022 compared to 2021. Merchandise purchases were on credit with an increase in accounts payable of $400 during the year. Ending inventory was $500 larger than beginning inventory. Income taxes payable increased $300 during the year. All operating expenses were paid for in cash.

Required:

Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

26-2) In preparation for developing its statement of cash flows for the year ended December 31, 2022, Metro Solutions, Inc. collected the following information:

($ in millions) Sale of common shares 352 Retirement of common shares 244 Loss on sale of equipment 4 Proceeds from sale of equipment 16 Issuance of short-term note payable for cash 20 Acquisition of building for cash 14 Purchase of marketable securities (not a cash equivalent) 10 Purchase of marketable securities (considered a cash equivalent) 2 Cash payment for 3-year insurance policy 6 Collection of note receivable with interest (principal amount, $22) 26 Declaration of cash dividends 66 Distribution of cash dividends declared in 2017 60

Required:

Prepare the financing activities section of Metro's statement of cash flows for 2022.