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Bramble Corporation's comparative balance sheets are as follows. BRAMBLE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $16,800 $17,600 Accounts receivable 25,400 22.100 Investments
Bramble Corporation's comparative balance sheets are as follows. BRAMBLE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $16,800 $17,600 Accounts receivable 25,400 22.100 Investments 19,750 16.250 Equipment 60,050 69,950 Accumulated depreciation-equipment (13,750) (10,400) Total $108,250 $115,500 Accounts payable $14,650 $11,250 Bonds payable 10,000 30,100 Common stock 50,300 44,600 Retained earnings 33,300 29,550 Total $108,250 $115,500 Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,000. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,000. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000, or in parenthesis eg. (15,000).) BRAMBLE CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $
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