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CHECK FIGURE: Cash inflow from operating activities = $22.800 Burrow Mining Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its
CHECK FIGURE: Cash inflow from operating activities = $22.800 Burrow Mining Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31, 2023, are as follows: Burrow Mining Inc. Income Statement Year Ended December 31, 2023 Burrow Mining Inc. Comparative Balance Sheet Information December 31 Sales. 504,000 2023 2022 Net Change Cost of goods sold. 336.000 Cach $ 21,000 5 14560 13.110 Gross profit. 168,000 Cash equivalents 10.080 5,600 4,480 Operating expenses.... 77,920 Accounts receivable $1,520 21.840 29,680 Depreciation expense... 24,080 102,000 Inventory 66,640 48,720 17.020 Profit from operations... 66,000 Non current investment 10,080 (10,080) Loss on sale of equipment. 2,240 Land 44.800 Investment income. 6.7.20 Building and equipment 259.280 266,000 (6.720) Profit before taxes. 70.480 Accumulated depreciation.... 68.880 56.560 12.320 Income taxes. 10.000 Accounts payable 11.9.20 21,600 (9.680) Profit 60,480 Dividends payable 400 800 (400) Bonds payable 14.000 Preferred shares 47.600 Common shares 236.880 47.600 236 880 14.000 0 Retained earnings 30.640 48.160 52.490 During 2023, the following transactions occurred: 1. Issued $14,000 of bonds payable at face value. 2. Sold the non-current investment on January 1, 2023, for $16,800. 3. Sold equipment for $3,920 cash that had originally cost $17.920 and had $11.760 of accumulated depreciation 4. Purchased equipment for S11.200 cash. Required a. How much was paid in dividends during 2023 b. Prepare a statement of cash flows for Burrow Mining Inc. for the year ended Excember 31, 2023, using the indirect method Analysis Component: Accounts Receivable increased from $21.340 to $51520 2023 Wha ansactions caused this account to changet Accounts Pavable decreased during 2041 What caused this account Alyx change
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