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Cheyenne Corp's comparative balance sheets are presented belaw. Additional information: Ch 12 Homework 12 of 12 0.26 .11 (a) - Your answer is partially correct.

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Cheyenne Corp's comparative balance sheets are presented belaw. Additional information: Ch 12 Homework 12 of 12 0.26 .11 (a) - Your answer is partially correct. Prepare a statement of cash flows for 2022 using the indirect method, (Show omounts that decrease cash flow with either a-sign es. 15,000, or in parenthesis ege (15,0001) Cheyenne Corp. Statement of Cash Flows - Indirect Method For the Vear Ended December 31, 2022 Cimhlows from Operating Net income Adjustments to recancile net incorse to Net Cash Providedby Ope v Depreciation Empense Decrtase in Accounts Riser Decrease in Accounts Paya 5 18300 ch 12. Homework 12 of 12 0.2611 Cach Flows tmen Finanrin Issuance of Common Siou 5300 Sale ed Land 5900 Met Cash Used by Financir w Net Decrease in Cash Cash at Deginning of Perio Cawh at End of Perich. Additional data: 1. Depreciation expense was $17,400. 2. Dividends declared and paid were $20,980. 3. During the year equipment was sold for $6,800cash. This equipment cost $17,400 originally and had accumulated depreciation of $10,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash

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