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ASAP The following are comparative balance sheets for Bramble Company. BRAMBLE Company Comparative Balance Sheets Additional information: 1. Net income for 2022 was $104,100. 2.
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The following are comparative balance sheets for Bramble Company. BRAMBLE Company Comparative Balance Sheets Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense was $31,400. 3. Cash dividends of $44,900 were declared and paid. 4. Bonds payable with a carrying value of $55,000 were redeemed for $55,000 cash. 5. Common stock was issued at par for $45,000 cash. December 31 6. No equipment was sold during 2022. Assets 2022 2021 7. Land was sold for its book value. Cash $72,700 $33,400 Accounts receivable 86,300 71,100 Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease c -15,000, or in parenthesis e.g. (15,000).) Inventory 169,700 187,500 Land 72,200 101,400 BRAMBLE Company Statement of Cash Flows Equipment 260,400 199,300 Accumulated depreciation-equipment (65,700) (34,300) Total $595,600 $558,400 Liabilities and Stockholders' Equity Accounts payable $35,500 $47,500 -/34 Bonds payable 148,300 203,300 epare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sig 5,000, or in parenthesis eg. (15,000).) Common stock ($1 par) 217,500 172,500 Retained earnings 194,300 135.100 BRAMBLE Company Statement of Cash Flows Total $595,600 $558,400 For the Month Ended December 31, 2022 v Adjustments to reconcile net income to
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