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A comparative balance sheet for Carla Vista Company appears below: CARLA VISTA COMPANY Comparative Balance Sheet Dec. 31, 2022 Dec. 31, 2021 Assets Cash
A comparative balance sheet for Carla Vista Company appears below: CARLA VISTA COMPANY Comparative Balance Sheet Dec. 31, 2022 Dec. 31, 2021 Assets Cash Accounts receivable $54,000 $21,000 38,000 23,000 Inventory Prepaid expenses Long-term investments Equipment 45,000 27,000 16,000 29,000 0 37,000 90,000 43,000 Accumulated depreciation-equipment Total assets (40,000) (25,000) $203,000 $155,000 Liabilities and Stockholder's Equity Accounts payable $37,000 $17,000 Bonds payable 46,000 65,000 Common stock 60,000 33,000 Retained earnings 60,000 40,000 Total liabilities and stockholders' equity $203,000 $155,000 Additional information: 1 Net income for the year ending December 31, 2022 was $45,000. 2 Cash dividends of $25,000 were declared and paid during the year. 3. Long-term investments that had a cost of $37,000 were sold for $24,000. 4. Sales for 2022 were $130,000. 5. No equipment was sold during the year. Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e.g. (15,000)) CARLA VISTA COMPANY Statement of Cash Flows Cash Flows from Operating Activities Net Income For the Year Ended December 31, 2022 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Inventories Increase in Accounts Receivable Decrease in Accounts Payable eTextbook and Media $
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