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E12.10 (L.O 2), AP The following are comparative balance sheets for Mitch Company. Additional 1. Net income for 2022 was $93,000. 2. Depreciation expense was
E12.10 (L.O 2), AP The following are comparative balance sheets for Mitch Company. Additional 1. Net income for 2022 was $93,000. 2. Depreciation expense was $34,000. 3. Cash dividends of $39,000 were declared and paid. 4. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 5. Common stock was issued for $42,000 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Instructions Prepare a statement of cash flows for 2022 using the indirect method
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