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I just need help making sure what I have so far is correct and then figuring out how to find the numbers as well. Thank

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I just need help making sure what I have so far is correct and then figuring out how to find the numbers as well. Thank you so much

image text in transcribed
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Problem 11:45 Prepare a statement of cash flows-indirect method (LO11-2 11-3, 11-4, 11-5) T ESTO Greve For year ended Dec 11, 2071 5 52.5 4,220 9.000 1.120 27,02 220,000 11.00 212,520 S9,620 11.02 212.00 63,6 Total listies and stockholders' equity S L additional information for 2006 ES DOO 2. 0 5.0 53.00 $2.500 a nsen R$1.000 ha y ng a $1.000 arte este 4. Dem a nde The Clash wenden deres eget Stanto how er 11 Homework 0 Problem 11-4B Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. $2,510,000 2,500 2,512,500 VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net Sales Gain on sale of land Total revenues Expenses: Cost of goods sold $1,605,000 Operating expenses 606,009 Depreciation expense 24,000 Interest expense 25,000 Income tax expense 71,000 Total expenses Net income Properties of various threads 2,331,000 $ 181,500 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: $ 211,140 73,900 146,500 4,068 $ 154,980 89,000 136,000 6, 120 er 11 Homework VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $ 211,140 73,989 146,500 4,060 $154.980 89,000 136,000 6,120 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term habilities Notes pay Properties of various threads Stockholder Common stock Retained earnings Total liabilities and stockholders' equity 196,000 210,500 232,000 (129,500) $944.600 110,000 261,000 211,000 (105,500) $ 862,600 $ $ 30,500 4,200 21,400 89,000 3,100 24,500 247,000 226,000 361,000 280,500 $ 944,600 310,000 210,000 $ 862,600 Additional Information for 2021: 1. Purchase additional investment in stocks for $86,000. 2 Sell land costing $50,500 for $53,000, resulting in a $2.500 gain on sale of land 3. Purchase $21,000 in equipment by issuing a $21,000 long-term note payable to the seller. No cash is exchanged in the transaction 4. Declare and pay a cash dividend of $111,000. 5. Issue common stock for $51,000

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