Question
Bloomberg Co. has the following balance sheet: 2023 2022 $18,000 $11,500 17,500 13,000 16,000 19,000 Cash A/R Inventory Prepaid Expense Equipment Accum Depr A/P
Bloomberg Co. has the following balance sheet: 2023 2022 $18,000 $11,500 17,500 13,000 16,000 19,000 Cash A/R Inventory Prepaid Expense Equipment Accum Depr A/P Salaries Payable Bonds Payable Common Stock Retained Earnings COGS Gross Profit Operating expenses Net Income 13,000 14,000 19,000 17,000 (12,000) (11,500) $69,000 47,000 22,000 11.500 $10,500 $12,000 2,000 14,000 19,000 24,500 $9,000 3,000 15,000 The condensed income statement for 2023 is as follows: Sales 17,000 19,000 Additional Data: Operating expenses included depreciation of ?. Equipment was bought for cash. No equipment was sold. Bonds were retired for cash. Dividends of 5,000 were paid in cash. Stock was issued for cash. Prepare a Statement of Cash Flows (Indirect Method) for 2023. SHOW ALL COMPUTATIONS.
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