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Confirm that all inputs not underlined in green are correct. The following information is available for Bonita Corporation for the year ended December 31, 2022.
Confirm that all inputs not underlined in green are correct.
The following information is available for Bonita Corporation for the year ended December 31, 2022. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 BONITA CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $310,500 Adjustments to Reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Inventory Decrease in Accounts Payable Increase in Income Taxes Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Building Net Cash Used by Investing Activities Cash Flows from Financing Activities Issuance of Bonds Purchase of Treasury Stock Payment of Dividend Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period \begin{tabular}{|r|} \hline8,900 \\ \hline11,000 \\ \hline \\ \hline4,000 \\ \hline 5,200 \\ \hline \end{tabular} 32,000309,000 \begin{tabular}{|r|} \hline 189,000 \\ \hline \\ \hline24,000 \\ \hline13,000 \\ \hline \end{tabular} 277,000 \begin{tabular}{rr} \hline & 152,000 \\ \hline & 339,800 \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular}Step by Step Solution
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