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Marigold Corp.'s comparative balance sheets are as follows. Additional information: 1. Net income was $18,350. Dividends declared and paid were $15,800. 2. Equipment which cost
Marigold Corp.'s comparative balance sheets are as follows. Additional information: 1. Net income was $18,350. Dividends declared and paid were $15,800. 2. Equipment which cost $10,100 and had accumulated depreciation of $2,100 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2022 . 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).) Marigold Corp. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Purchase of Investments Net Cash Used by Investing Activities $ Free cash flow $
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