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Look at the higlighted marketd section in the second image that i put circles around. Is the answer provided or used
Look at the higlighted marketd section in the second image that i put circles around. Is the answer "provided" or "used" some answers here people out provided by some put used in the drop down boxes. check for roght answer or i will give thumbs down. thank you
Blue Spruce Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 88,400 Accounts receivable 114.400 Inventory 217,100 Land 104,000 Equipment 338.000 Accumulated depreciation-equipment (85.800) Total $776,100 Liabilities and Stockholders' Equity Accounts payable $ 50,700 Bonds payable 195,000 Common stock ($1 par) 280,800 Retained earnings 249,600 Total $776,100 2021 $ 28,600 98,800 245,700 130,000 260,000 (41,600) $721,500 $ 55.900 260,000 226,200 179,400 $721,500 Additional information: 1. 2. 3. 4. Net income for 2022 was $120,900. Depreciation expense was $44,200. Cash dividends of $50,700 were declared and paid. Bonds payable amounting to $65,000 were redeemed for cash $65,000. Common stock was issued for $54,600 cash. No equipment was sold during 2022. Land was sold for its book value. 5. 6. 7. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)). 120900 cash flow with either a - signe.g. -45,000, or in parenthesis c.8. (45,0001). Blue Spruce Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Decrease in inventory 28600 Decrease in Accounts Payable -5200 44200 -15600 52000 Net Cash ined by Operating Activities 172900 Cash Flows from testing Activities Sale of Land 26000 - 78000 Net Cash Provided by Investing Activities 52000 -50700 Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock Net Cash Provided by Financing Activities -65000 54600 -61100 Net Increase in Cash 59800 Cash at Beginning of Period 28600 Cash at End of Period B8400 Step by Step Solution
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