apters $23-24$ i

Soved

The following data are summarized from the income statement of Core, Inc., for the year ended December $31,2022.$

$\backslash$table$[[\backslash$table$[[$CORE$,$ INC.$],[$Income Statement$],[$Year Ended December $31,]],2022,,],[$Sales$,,,570,000],[$Cost of Goods Sold,,,$265,000],[$Gross Profit on Sales,,,$305,000],[$Operating Expenses,,,$],[$Depreciation$,,13,000,],[$Other Selling Expenses,,$147,000,],[$Other Administrative Expenses,,$79,500,239,500],[$Net Income from Operations,,,$65,500],[$Bond Interest Expense,,,$],[$Cash Interest,,$13,500,],[$Amortization of Discount on Bonds Payable,,$1,700,15,200],[$Net Income for Year,,,$50,300]]$

Required:

Using these data and ignoring changes in current assets, current liabilities, and income taxes, prepare a schedule of cash flows operating activities for the year.

$\backslash$table$[[$CORE$,$ INC.$],[$Statement of Cash Flows$],[$Year Ended December $31,2022],[$Cash flows from operating activities,,,$],[,,[,],[$Adjustments to reconcile net income to cash used in operating activities:,,,$],[,,,],[$H$,,,],[,,,],[$Total adjustments,,$$,],[,,$$$1,]]$

Prev

$3$ of $5$

Next