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Bonita Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to

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Bonita Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Bonita Industries for 2022 and 2021 are provided below. BALANCE SHEETS 12/31/22 12/31/21 Cashi $407000 $192000 Accounts receivable 358000 218000 Inventory 386000 482000 Property, plant and equipment $608000 $960000 Less accumulated depreciation (321000) 287000 (306000) 654000 $1438000 $1546000 Accounts payable $178000 Income taxes payable 352000 Bonds payable 358000 Common stock 208000 Retained earnings 342000 $1438000 $ 94000 392000 601000 216000 243000 $1546000

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