chap 12 Q8 pls

View Policies Current Attempt in Progress The following information is available for Bonita Industries for the year ended December 31, 2022 Beginning cash balance $ 41,400 Accounts payable decrease 3.400 Depreciation expense 149,000 Accounts receivable increase 7.500 Inventory increase 10.100 Net income 261.400 Cash received for sale of land at book value 32,200 Cash dividends paid 11,000 4.300 Income taxes payable increase 265,900 Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 23.900 184,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e g. -15,000 or in parenthesis es. (15,000). Bonita Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 149,000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Increase in Accounts Receivable $ 7.500 Decrease in Inventory 10,100 Decrease in Accounts Payable 3.400 Increase in Income Taxes Payable 4300 Increase in Income Taxes Payable 4300 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land 32 200 Purchase of Building 265.000 Net Cash Provided by Investing Activities 261.400 Cash Flows from Financing Activities Payment of Dividend V Issuance of Bonds V 184.00 Purchase of Treasury Stock Net Cash used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period e Textbook and Media Save for Later Attempts: 0 of 5 used Submit