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Current Attempt in Progress The following are comparative balance sheets for Oriole Company. ORIOLE Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash
Current Attempt in Progress The following are comparative balance sheets for Oriole Company. ORIOLE Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $73,100 $33,000 Accounts receivable 85,900 70,700 Inventory 170,200 187,100 Land 72,500 100,900 Equipment 260,900 199,800 Accumulated depreciation-equipment (65,800) (33,900) Total $596,800 $557,600 Liabilities and Stockholders' Equity Accounts payable $35,400 $47,200 Bonds payable 150,900 203,500 Common stock ($1 par) 216,200 173,500 Retained earnings 194,300 133,400 Total $596,800 $557,600 Additional information: Additional information: 1. Net income for 2022 was $102,000. 2. Depreciation expense was $31,900. 3. Cash dividends of $41,100 were declared and paid. 4. Bonds payable with a carrying value of $52,600 were redeemed for $52,600 cash. 5. Common stock was issued at par for $42,700 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000, or in parenthesis e.g. (15,000)) Adjustments to reconcile net income to ORIOLE Company Statement of Cash Flows eTextbook and Media
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