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Exercise 203 The following information is available for Solish Brothers Corporation for the year ended December 31, 2022 Beginning cash balance $35,000 Accounts payable decrease
Exercise 203 The following information is available for Solish Brothers Corporation for the year ended December 31, 2022 Beginning cash balance $35,000 Accounts payable decrease 3,200 Depreciation expense 85,000 Accounts receivable increase 9,100 Inventory Increase 13,600 Net Income 333,500 Cash received for sale of land at book value 35,000 Sales revenue 742,000 Cash dividends paid 10,500 Income tax payable increase 4,200 Cash used to purchase building 147,500 Cash used to purchase treasury stock 32,700 Cash received from issuing bonds 291,000 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 (15.000)) SPLISH BROTHERS CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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