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Current Attempt in Progress The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $40,500 Accounts
Current Attempt in Progress The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance $40,500 Accounts payable decrease 3,330 Depreciation expense 145,800 Accounts receivable increase 7,380 Inventory increase 9,900 Net income 255,690 Cash received for sale of land at book value 31,500 Cash dividends paid 10,800 Income taxes payable increase 4.230 Cash used to purchase building 260,100 Cash used to purchase treasury stock 23,400 Cash received from issuing bonds 180,000
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