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HELP PLEASEEE Crana Comnanv reported the following information for 2022. Question 1 of 5 Prepaid expenses Land Buildings 199,250199,2500 - No Change Accumulated depreciation-buildings (20,805)(13,870)
HELP PLEASEEE
Crana Comnanv reported the following information for 2022. Question 1 of 5 Prepaid expenses Land Buildings 199,250199,2500 - No Change Accumulated depreciation-buildings (20,805)(13,870) Increase Equipment 183,29067,480115,810 Increase Accumulated depreciation-equipment Totals $561,440(28,145)$375,580(9,970)18,175 Increase Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock (\$1 par) Crane Company Income Statement For the Year Ended December 31, 2022 Additional information: 1. Operating expenses include depreciation expense of $40,390. 2. Land was sold at its book value for cash. 3. Cash dividends of $84.450 were declared and paid in 2022. 4. Equipment with a cost of $167,160 was purchased for cash. Equipment with a cost of $51,350 and a book value of $36,070 was sold for $34,080 cash. 5. Bonds of $50,370 were redeemed at their face value for cash. 6. Common stock ( $1 par) of $169,610 was issued for cash. Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. - 15,000 or in parenthesis eg. (15,000).) Crane Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to $ Step by Step Solution
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