economic 201

Assets Dec. 31, 2022 Dec. 31, 2021 Cash $21,900 $15,500 Accounts receivable 20,000 14,000 Inventory 29,900 15,700 Prepaid insurance 8,700 Stock investments -0- 9,600 15,300 45,000 Equipment 90,000 Accumulated depreciation equipment (16,100) (13,300) Total assets $154,400 $101,800 Liabilities and Stockholder's Equity $33,900 $8.200 Accounts payable Bonds payable 36,000 45,700 20.700 Common stock 36,800 47,700 $154,400 Retained earnings 27,200 $101,800 Total liabilities and stockholder's equity Additional information: 1. Net income for the year ending December 31, 2022, was $32,000. 2. Cash dividends of $13,700 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $17,500 were sold for $10,800. 4. Sales for 2022 are $140,000. Common stock 36,800 20.700 Retained earnings 47,700 27.200 $101,800 Total liabilities and stockholder's equity $154,400 Additional information: 1. Net income for the year ending December 31, 2022 was $32,000 2. Cash dividends of $13,700 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $17,500 were sold for $10,800. 4. Sales for 2022 are $140,000. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a- sign e-8-15,000 or in parenthesis es (15,000).) LARKSPUR CORPORATION Statement of Cash Flows For the Month Ended December 31, 2022