Coronado Corporation issued the following statement of cash flows for 2022. CORONADO CORPORATION Statement of Cash...
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Coronado Corporation issued the following statement of cash flows for 2022. CORONADO CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash $56,200 provided by operating activities: Depreciation expense $9,300 Decrease in accounts receivable 8,700 Increase in inventory (5,200) Decrease in accounts payable (2,800) Loss on disposal of plant assets 3,100 13,100 Net cash provided by operating activities 69,300 Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities 3,100 (25,100) (22,000) Cash flows from financing activities Issuance of common stock 20,900 Payment on long-term note payable (10,100) Payment for cash dividends (18,000) Net cash used by financing activities (7,200) Net increase in cash 40,100 Cash at beginning of year 13,800 Cash at end of year $53,900 (a) Compute free cash flow for Coronado Corporation. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $ Coronado Corporation issued the following statement of cash flows for 2022. CORONADO CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash $56,200 provided by operating activities: Depreciation expense $9,300 Decrease in accounts receivable 8,700 Increase in inventory (5,200) Decrease in accounts payable (2,800) Loss on disposal of plant assets 3,100 13,100 Net cash provided by operating activities 69,300 Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities 3,100 (25,100) (22,000) Cash flows from financing activities Issuance of common stock 20,900 Payment on long-term note payable (10,100) Payment for cash dividends (18,000) Net cash used by financing activities (7,200) Net increase in cash 40,100 Cash at beginning of year 13,800 Cash at end of year $53,900 (a) Compute free cash flow for Coronado Corporation. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $
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