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I need the solutions to this problem! The income statement, balance sheets, and additional information for Bigger, Inc., are provided below. Bigger, INC. Income Statement

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The income statement, balance sheets, and additional information for Bigger, Inc., are provided below. Bigger, INC. Income Statement For the year ended December 31, 2022. Net revenues: Expenses: $172,710 $38,900 56,280 17,850 7,782 14,900 135,712 $36,998 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Bigger, INC. Balance Sheets December 31, 2022 and 2021 2022 Increase (I) or Decrease (D) 2021 $ 61,860 $ 211, 112 48,320 7,800 980 $ 149,252 (I) 48,320 (1) 7,800 (1) 3,840 (D) e 4,820 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets a 580,000 824,000 70, 240 (26,050) $1,716,402 44,000 (8.200) $105,200 580,000 () 824,000 (1) 26,240 (1) 17,850 (1) $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 24,320 790 14,900 23,400 603,784 $ 2,960 790 14,080 $ 21,360 (1) hosze 1820 (1) 23,400 (I) 572,904 (1) 30,800 128,000 976,800 58,488 (114,000) $1,716,402 20,000 8 33,850 188,000 (1) 976,800 (1) 24,638 (1) (114, 000) (1) $185,200 Additional Information for 2022: 1. Land of $580,000 was obtained by issuing a note payable to the seller. 2. Buildings of $824,000 and equipment of $26,240 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $7,096. 4. Issued common stock for $1,080,000. 5. Purchased 10,800 shares of treasury stock for $19 per share. 6. Sold 4,800 shares of treasury stock at $20 per share. 7. Declared and paid a cash dividend of $12,360. Required: Prepare the statement of cash flows for the year ended December 31, 2022. Using the indirect method. (List cash outflows and any decrease in cash or negative amounts.) Bioge, INC Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities

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