Current Attempt in Progress Marigold Group, had the following condensed statement of financial position at the end of operations for 2021 475,000 MARIGOLD GROUP Statement of Financial Position December 31, 2021 Investments 17.000 Share capital-ordinary Land 38,000 Retained earnings Plant assets (net) 67.000 Long-term notes payable Current assets other than cash 29,000 Bonds payable Cash 7.000 Current liabilities 15.500 25,500 25,000 17.000 158,000 158,000 During 2022. the following occurred 1 Atract of land was purchased for $11.000. N 22 Bonds payable in the amount of 420.000 were retired at par. An additional *10.000 in ordinary shares were issued at par 3 4 Dividends totaling *9.375 were paid to shareholders. Netincome was 31.000 after deducting depreciation of 13.000 5 Land was ourchased through the issuance of 20.000 in bonds 3 4 un 6. An additional $10,000 in ordinary shares were issued at par. Dividends totaling 89,375 were paid to shareholders. Net income was $31.000 after deducting depreciation of $13.000 Land was purchased through the issuance of $20.000 in bonds Marigold Group sold part of its investment portfolio for 12,875. This transaction resulted in a pain of 4,000 for the company. The company classifies them as non-trading equity Investments. Both current assets (other than cash) and current liabilitles remained at the same amount 7. 8. (a) Prepare a statement of cash flows for 2022 using the Indirect method. (Show amounts that decrease cash flow with either o - signes -15,000 or in parenthesis eg. (15,0001) MARIGOLD GROUP Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Prepare a statement of cash flows for 2022 using the indirect method (Show amounts that decrease cash flow with elther a signes -15,000 or in parenthesis es (15,000)) MARIGOLD GROUP Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to > Attempts:0 of 1 used Submit Answer Save for Later Last saved 1 second ago Saved work will be auto-submitted on the due date Auto- submission can take up to 10 minutes