CORONADO COMPANY Income Statement

For the Year Ended December $31,2022$

Sales revenue

$$242,500$

Cost of goods sold

Gross profit

Selling expenses $$18,675$

Interest expense

Income before income taxes

Income tax expense

Net income

$\frac{175,200}{67,300}$

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a$-$sign eg$.-15,000$ or in parenthesis e$.$g$.(15,000)).)$

CORONADO COMPANY

Statement of Cash Flows

For the Year Ended December $31,2022$

Adjustments to reconcile net income to

Depreciation Expense

$

$

Purchase of Equipment

Depreciation Expense

Presented here are the financial statements of Coronado Company.

$\backslash$table$[[\backslash$table$[[$CORONADO COMPANY$],[$Comparative Balance Sheets$],[$December $31]]],[$Assets$,2022,2021],[$Cash$,$$$36,000,$$$21,000$

Prepare a statement of cash flows using the indirect method

Presented here are the financial statements of Coronado Company.

$\backslash$table$[[\backslash$table$[[$CORONADO COMPANY$],[$Comparative Balance Sheets$],[$December $31]]],[$Assets$,2022,2021],[$Cash$,$$$36,000,$$$21,000$