Coronado Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Accounts payable Common stock Retained earnings Total Total 1. CORONADO CORPORATION Comparative Balance Sheets December 31 Additional information: 2. 3. 2022 $15,100 21,700 20,200 70,300 (14,600) $112,700 $12,700 74,400 25,600 $112,700 2021 $10,300 23,900 26,300 70,300 (10,000) $120,800 $28,600 68,700 23,500 $120,800 Net income was $23,000. Dividends declared and paid were $20,900. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,500.

answer (b)

Coronado Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $23,000. Dividends declared and paid were $20,900. 2. No noncash investing and financing activities occurred duriag 2022. 3. The land was sold for cash of $4,500. CORONADO CORPORATION Statement of Cash Flows - Indirect Method For the rear Ended Berember 31,2027 :v Casinflows from Ooerating ctlvitiel Ner inconse Adjustments to reconcile net income to Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or porentheses es. (45)) Free cash flow