bo ter 12 Question 12 of 12 View Police Current Attempt in Progress Condensed financial data of Sheffield Coro follow Sheffield Corp Comparative Balance Sheets December 31 Assets 2022 2021 Cash 5106.200 $42.400 Accounts receivable 91600 33.900 Inventory 111800 101.500 Prepaid verses 29409 25500 Long-term investments 140.500 114800 Plants 27.6200 -242100 Accumulated derection 14600 152.00 Tout 5702 200 $512.000 Liabilities and Stock E DOLL FT Pa - 1 you 2 3 $ 4 96 5 B > w E E R. T Y A S D F G G H N N C V B Question 12 of 12 Liabilities and Stockholders' Equity $111.300 $67.100 Accounts payable 16.100 17.300 Accrued expenses payable 111000 Bonds payable 149,300 Common stock 220.000 174700 Retained earnings 248.800 103.900 Total $707.200 5512300 Sheffield Corp. Income Statement For the Year Ended December 31, 2022 sales rever Less 5392.900 5158.000 Cost of goods sold Operating puding decision Depreciation Renta 32.700 31000 DOME F 12 FB 74 FE FO 7 6 @ 2 N #m 7 $ 4 ein 5 82 7 6 . Q W E R T A S D 0 F G H usu Operating expenses excluding depreciation 12.700 Depreciation exten 31.000 Income tax experts 27600 Interest expense 4400 Loss on disposal of plant assets 7.500 219 200 Net Income 5173,700 Additional information 1 2 3 Now plantas con 579,900 were purchased for cach during the Old plant assets the original cost of $47.300 accumulated depreciation of $17.400 were sold for $2.900 Bondi povable matured and were oft face value for A cash dividend $200 was declared and paid during the year. Common stock was issued at Bar for cash 5. 6 There were nosant noncash transactions Question 12 OT 1 Prepare a statement of cash flows using the direct method. Show mounts that decrease cash flow with either as 15.000 parentheses (15,0001 Sheffield Corp. Statement of Cash Flows - Indirect Method his to reconcile et income to Typeber os