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Here are comparative balances sheets for Lily Company. Prepare a statement of cash flows for 2022 using the indirect method. Compute free cash flow for

Here are comparative balances sheets for Lily Company. Prepare a statement of cash flows for 2022 using the indirect method. Compute free cash flow for 2022 image text in transcribed
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Here are comparative balance sheets for Lily Company. acditionalinformationc 1. Net income for 2022 was $84,000, 2. Cash dividends of $27,720 were declared and paid 3. Bonds nayable amointing to $50,400 were redecmed for cash $50,400 4. Commonstock was ksued for $35,260cash 5. Equipment that cout 542,000 and had a book value of $25,200 was sod for $30,240 during 2022 , land way sold at cost 15,000or in parenthess es (15,000) 13,000 or in parenthesis eg. (15,000), Compute free cash flow for 2022

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