Excercise 12-08

CALCULATOR FULL SON PINTERES EG NET Exercise 12-07 The following information is available for Metlock, Inc. for the year ended December 31, 2022 Beginning cash balance $ 27,000 Accounts payable decrease 2 220 Depreciation expense 97 200 Accounts receivable increase 4,920 Inventory increase 6.600 Net Income 170.450 Cash received for sale of land at book value 21.000 Cash dividends paid 7,200 Income taxes payable increase 2,520 Cash used to purchase building 173.400 Cash used to purchase treasury stock 15,600 Cash received from issuing bonds 120.000 Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with other a s 1.000 or in parenthe Metiek. Ime Statement of Cash Flow Indirect Method A ttornet come to Metlock, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Exercise 12-08 The following information is available for Indigo Corporation for the year ended December 31, 2022 Beginning cash balance $ 40,800 Accounts payable increase 9,690 Depreciation expense 69,700 Accounts receivable decrease 8,160 Inventory decrease 5.270 Net Income 97,240 Cash received for sale of land at dok value 176,800 Cash dividends paid 64,600 Income taxes payable decrease 6.630 Cash used to purchase and 137,700 Cash used to redeem bonds 112,200 Cash received from issuing stock 272,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis g. (15.000)) Indige Corporation Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Indigo Corporation Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to