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9. (25 points). Skxwerks 2022 financial statements are shown below. Use this information complete a Statement of Cash flow and the next page. Skywerks Income
9. (25 points). Skxwerks 2022 financial statements are shown below. Use this information complete a Statement of Cash flow and the next page. Skywerks Income Statement For the Year Ended December 31, 2022 Other relevant data: a. Cash dividends of $50,000 were declared and paid. b. Equipment that costing $100,000 with accumulated depreciation of $50,000 was sold for $60,000. c. New equipment costing $250,000 was purchased with cash. d. Depreciation expense for the year was $60,000. e. Land was bought for $30,000 cash. f. Common stock was issued for cash. SkyWerks Statement of Cash Flows (in 000's) For the Year Ended December 31, 2022 Cash Flows from Financing Activities: Net Cash Provided From Financing Activities Net Increase (Decrease) in Cash for the Year Plus: Cash Balance, beginning of the year $ Equals Cash Balance, end of the year ====
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