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ACCOUNTING PROBLEM: CASH FLOW STATEMENT. FILL IN THE TABLE 2) The following is the Comparative Balance Sheet of the Rupert Everett Company: Rupert Everett Company

ACCOUNTING PROBLEM: CASH FLOW STATEMENT. FILL IN THE TABLE

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2) The following is the Comparative Balance Sheet of the Rupert Everett Company: Rupert Everett Company Comparative Balance Sheet As of December 31, Assets 2022 2021 Cash $ 63,000.00 $ 22,000.00 Accounts Receivable 85,000.00 76,000.00 Inventory 180,000.00 189,000 00 Land 75,000.00 100,000 00 Equipment 260,000.00 200,000.00 Accumulated Depreciation (66,000.00) (42,000.00) Total $597.000.00 $545.000.00 Liabilities and Stockholder's Equity Accounts Payable $ 34,000.00 $ 47,000.00 Bonds Payable 150,000.00 200,000.00 Common Stock ($1.00 par value) 214,000.00 164,000.00 Retained Earnings 199,000.00 134,000,000 Total $597.000.00 6545.000.00 Additional Information for 2022 1) The Net Income for 2022 was $ 105,000.00 2) A cash dividend of $ 40,000.00 was declared and paid 3) Bonds Payable were redeemed for $ 50,000.00. 4) Common Stock issued for $ 50,000.00 5) The Depreciation Expense was $ 24,000.00 6) Sales for the year were $ 978,000.00 7) Land was sold at cost of $ 25,000 Prepare the Cash Flow Statement for 2022 (20 points). RUPERT EVERETT COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2022 Cash Flow from operating activities Net income Adjustments to reconcile Net Income to cash provided by operating activities Depreciation expense e in account receivable Decrease in inventory Decrease in accounts payable Net cash provided by operating activities Cash Flow from investing activities Sale of land Purchase of equipment Net cash used iby investing activities Cash Flow from financing activities Payment of cash dividend Redemption of Bonds Issuance of common stock Net cash used by financing activities Net increase in cash Cash at the beginning of period Cash at the end of period

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