Marigold Corp, reported the following information for 2022 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Marigold Corp. \\ Comparative Balance Sheets \\ December 31 \end{tabular}} \\ \hline \multirow{2}{*}{\begin{tabular}{l} Assets \\ Cash \end{tabular}} & 2022 & \multirow{2}{*}{$39,600} & \multicolumn{2}{|c|}{\begin{tabular}{c} Change \\ Increase/Decrease \end{tabular}} \\ \hline & $64,900 & & $25,300 & Increase \\ \hline Accounts receivable & 68,200 & 24,200 & 44,000 & Increase \\ \hline Inventory & 48,400 & 0 & 48,400 & Increase \\ \hline Prepaid expenses & 6,600 & 4,400 & 2,200 & Increase \\ \hline Land & 60,500 & 77,000 & 16.500 & Decrease \\ \hline Buildings & 220,000 & 220,000 & -0 - & \\ \hline Accumulated depreciation-buildings & (23,100) & (15,400) & 7,700 & Increase \\ \hline Equipment & 201,300 & 74,800 & 126.500 & Increase \\ \hline Accumulated depreciation-equipment & (30800) & (11,000) & 19,800 & Increase \\ \hline Totals & $616,000 & $413,600 & & \\ \hline Liabilities and Stockholders' Equity & & & & \\ \hline Accounts payable & $47,300 & $44,000 & $3.300 & Increase \\ \hline Accrued expenses pryable & 0 & 11,000 & 11,000 & Decrease \\ \hline Bonds payable & 110,000 & 165,000 & 55,000 & Decrease \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Accumulated depreciation-equipment & \multirow{2}{*}{5616000530,800} & \multirow{2}{*}{$413,000111,000} & \multirow[t]{2}{*}{19800} & \multirow[t]{2}{*}{ Increase } \\ \hline Totals & & & & \\ \hline Liatilities and Stockholders' Equity & & & & \\ \hline Accounts payable & $47,300 & $44,000 & $3,300 & Increase \\ \hline Accrued expemes pryable & 0 & 12,000 & 11,000 & Decrease \\ \hline Bonds pryable & 110,000 & 165,000 & 55,000 & Decrease \\ \hline Commonstock/\$1 par) & 253000 & ,000 & 187,000 & Increase: \\ \hline Retained eamings & 205,700 & 127,060 & 78,200 & Inerease \\ \hline Totals & 5616,000 & $413,000 & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Marigold Corp. \\ Income Statement \\ For the Year Ended December 31,2022 \end{tabular}} \\ \hline Saies revenue: & & $1,035,100 \\ \hline Cost of goodssold & $522,500 & \\ \hline Operating expenses & 254,100 & \\ \hline Interesteopense & 13,200 & \\ \hline Loss on disposal of equipment & 2200 & 192000 \\ \hline Income before income toves & & 243,100 \\ \hline Income taxegpense & & 71.500 \\ \hline Net income: & & $171.600 \\ \hline \end{tabular} Additional information: 1. Opentinis eipersen include depreciation expense of $44,000. 2. Iand wat sold at its book value for cash. 3. Cach dividends et 593 so0 wpre declared and paid in 2022 4. Equipment wha cont of $182,600 was purchased for conh. Equipment with a cost of $56,100 and a book val we of $39,600 whssold for $37,400 cach Uke this information to prepare a statement of cash flows using the indirect method (Show amounts that decmase cash flow with either o - Mones - 15,000 or h porenchepires (15,000) +sinex15,000 or in parenthesise x (15,0001 ] cTextbook and Media Siveler uites Attempts: 0 of 3 used Shomit Antwer
