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ASAP Please!!! Prepare a statement of cash flows for 2 0 2 2 using the indirect method. The following are comparative balance sheets for Swifty
ASAP Please!!!
Prepare a statement of cash flows for using the indirect method.
The following are comparative balance sheets for Swifty Company. SWIFTY Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciationequipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 2022 $73,500 85,600 169,500 73,300 260,200 (66,200) $595,900 $35,200 151,600 216,600 192,500 $595,900 2021 $32.700 71,100 187,200 100,800 200,600 (33,500) $558,900 $47,300 203,100 175,500 133,000 $558,900 Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) SWIFTY Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Net Cash Provided by Investing Activities Cash Flows from Financing Activities 32700 14500 -17700 -12100 Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Save for Later -o x OUU 41100 Attempts: 2 of 4 used 1. 2. 3. 4. 5. 6. Net income for 2022 was $104,800. Depreciation expense was $32,700. Cash dividends of $45,300 were declared and paid. Bonds payable with a carrying value of $51,500 were redeemed for $51,500 casl Common stock was issued at par for $41,100 cash. No equipment was sold during 2022.
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