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Following is a partially completed balance sheet for Hoeman Incorporated at December 31,2023, together with comparative data for . the year ended December 31, 2022.

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Following is a partially completed balance sheet for Hoeman Incorporated at December 31,2023, together with comparative data for . the year ended December 31, 2022. From the statement of cash fiows for the year ended December 31, 2023, you determine the following: - Net income for the year ended December 31,2023 , was $97,500 - Dividends paid during the year ended December 31,2023 , were $64:000. - Accounts receivable decreased $12,500 during the year ended December 31,2023, - The cost of new bulldings acquired during 2023 was $127,500. - No buildings were disposed of during 2023. - The land account was not affected by any transactions during the year, but the fair value of the land at December 31,2023, was $188,000 Required: a. Complete the December 31,2023 , balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) b. Prepare a statement of cash flows for the year ended December 31, 2023, using the indirect method. Complete this question by entering your answers in the tabs below. Complete the December 31, 2023, batiance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) Complete the December 31,2023 , balance sheet. (Hint: Long-term debt is the last number to compute to make the balance sheet balance.) repare a statement of cash flows for the year ended December 31,2023, using the indirect method. the nmante to he darlurted sthuld be indicated bv a minus sign

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