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can you help me with preparing a statement of cash flows using the indirect method, Presented below is information related to the operations of Mustard's
can you help me with preparing a statement of cash flows using the indirect method,
Presented below is information related to the operations of Mustard's Last Stand, Inc.: 2022 2021 2022 Cash $ 306,000 S 253,000 Sales S 845,000 Accounts receivable 215,000 146,000 Cost of goods sold (415,000) Prepaid expenses 247,000 208,000 Gross profit 430,000 Land 62,000 119,000 Depreciation expense (40,000) Computers 161,000 161,000 Other operating expenses 299,000) Acc. depreciation (computers) (99,000)( 77,000) Operating income 91,000 Building 211,000 211,000 Loss on sale of land ( 16,000) Acc. depreciation (building) (119.000) (101,000) Net income S 75.000 Total assets $984,000 S 920,000 Accounts payable $ 122,000 S 143,000 Unearned revenue 100,000 61,000 Notes payable 198,000 75,000 Common stock 461,000 461,000 Treasury stock ( 86.000) 0 Retained earnings 189.000 180,000 Total liabilities and stockholders' equity $984,000 S920,000 Additional information: In 2022, Mustard's Last Stand, Inc., declared and paid a cash dividend. Land was sold for cash. Additional notes payable was due to a cash loan taken out from a bank. Mustard's Last Stand, Inc., repurchased some of its common stock at par value. No other transactions occurred related to stockStep by Step Solution
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