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help!!!!! The comparative balance sheets for Oriole Company as of December 31 are as follows. ORIOLE COMPANY Comparative Balance Sheets December 31 Assets 2022 2021
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The comparative balance sheets for Oriole Company as of December 31 are as follows. ORIOLE COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $58,400 $45,100 Accounts receivable 42,000 50,600 Inventory 148,800 138,400 Prepaid expenses 20,600 26,300 Land 142,600 130,600 Buildings Accumulated depreciation-buildings 200,200 200,200 (64,200) (44,000) Equipment 228,800 156,300 Accumulated depreciation-equipment (48,400) (35,300) Total $728,800 $668,200 Liabilities and Stockholders' Equity Accounts payable $46,400 $39,400 Bonds payable 260,000 260,000 Common stock, $1 par 201,300 157,300 Retained earnings 221,100 211,500 Total $728,800 $668,200 1 2. 3. Operating expenses include depreciation expense of $42.000 ($20,200 of depreciation expense for buildings and $21,800 for equipment) Land was sold for cash at book value. Cash dividends of $26,900 were declared and paid. Net income for 2022 was $36,500 Equipment was purchased for $94,000 cash. In addition, equipment costing $21.500 with a book value of $12,800 was sold for $9,700 cash. 44,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $44,000. 4. 5. 6. 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 es. -15,000 or in parenthesis es. (15,000)) ORIOLE COMPANY Statement of Cash Flows For the Year Ended December 31, 2012 Cash Flows from Operatiu Activities Netcom 36,500 Adjustments to reconcilere income to V Depreciation $ 42.000 Sale of SIDO Der Receivable 800 howinny 2000 Decrew 110400 Inici 5700 I a Cated vertices Carmen Avis Stand Sale Promet Betty Trading Acties Step by Step Solution
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