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Marigold Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72.700 100,700 Equipment
Marigold Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72.700 100,700 Equipment 260,700 200,600 Total Accumulated depreciation-equipment Liabilities and Stockholders' Equity (65,700) (33,500) $597,200 $558,700 Accounts payable $35,400 $46,500 Bonds payable 149,800 203,300 Common stock ($1 par)) 218,000 173,000 Retained earnings 194,000 135,900 Total $597,200 $558,700 Additional information: 1 Net income for 2022 was $103,600. 2 Depreciation expense was $32.200 3. Cash dividends of $45,500 were declared and paid. 4. Bonds payable amounting to $53.500 were redeemed for cash $53,500. 5. Common stock was issued for $45,000 cash 6. No equipment was sold during 2022. 7 Land was sold for its book value Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a sign es 15,000, or in parenthesis eg (15,000)) Marigold. Company Additional information 1 Net income for 2022 was $103.600 2 Depreciation expense was $32.200 Cash dividends of $45,500 were declared and paid 4 Bonds payable amounting to $53.500 were redeemed for cash $53.500 S Common stock was issued for $45.000 cash 6 No equipment was sold during 2022 7. Land was sold for its book value Prepare a statement of cash flows for 2022 using the indirect method 15.000, or le parenthesis (15,000 Adjustments to reconcile net income to Marigold Company Statement of Cash Flows >>>
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