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Condensed financial data of Sunland Company follow. Sunland Company Income Statement Data For the Year Ended December 31, 2022 Sales revenue $582,690 Less: Cost of
Condensed financial data of Sunland Company follow. Sunland Company Income Statement Data For the Year Ended December 31, 2022 Sales revenue $582,690 Less: Cost of goods sold Operating expenses, excluding depreciation $203,190 18,615 Additional information: 1. New plant assets costing $150,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $86,250 and accumulated depreciation of $72,750 were sold for $2,250 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $39,045 was declared and paid during the year. 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 e.g. (15,000). Sunland Company Statement of Cash Flows $ Adjustments to reconcile net income to $
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