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Please ASAP Madigan Pets Supply Inc. has the following account balances at December 31, 2022 and 2023: December 31, 2023 December 31, 2022 Cash $1,200,000

Please ASAP

Madigan Pets Supply Inc. has the following account balances at December 31, 2022 and 2023:

December 31, 2023

December 31, 2022

Cash

$1,200,000

$1,050,000

Notes Receivable

$300,000

$100,000

Plant Asset (net)

300,000

100,000

Long Term Security Investments

$150,000

250,000

Bonds Payable

$550,000

$350,000

Common Stock

300,000

120,000

Additional Paid-in Capital

50,000

20,000

Retained Earnings

200,000

150,000

Dividends Declared and Paid

24,000

18,000

Depreciation Expense (annual)

50,000

50,000

Long-term Intangible Assets(net)

$8,000

$12,000

Amortization Expense (annual)

$6,000

$8,000

Additional information:

  1. 2023 plant asset acquisitions were paid in cash.
  2. No plant assets were sold during 2023.
  3. $30,000 of the notes receivable were collected during 2023.
  4. No common stock was retired during 2023.
  5. $50,000 in bonds were retired in 2023. All bonds were issued at par value.

Using the indirect method, prepare Madigan Pets Supply's financing section of the statement of cash flows for the year ending December 31, 2023.

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