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Comparative statements of financial position for Monty Inc. appear below: Additional information regarding fiscal 2022: 1. Net income for the year was $30,000. 2. Cash
Comparative statements of financial position for Monty Inc. appear below: Additional information regarding fiscal 2022: 1. Net income for the year was $30,000. 2. Cash dividends of $33,500 were declared and paid during the year. 3. Long-term investments with a carrying amount of $48,900 were sold for $48,000 cash. Using the indirect method, prepare a statement of cash flows for the year ended December 31, 202.2. (Show amounts flow with either a - sign e.g. 25,000 or in parenthesis e.g. (25,000).) Using the indirect method, prepare a statement of cash flows for the year ended December 31, 2022. (Show amounts that decrease cash flow with either a-sign eg. 25,000 or in parenthesis eg. (25,000)
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