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Please explain in work, thank you Sweet Acacia Industries issued the following statement of cash flows for 2022. Sweet Acacia Industries Statement of Cash Flows-Indirect
Please explain in work, thank you
Sweet Acacia Industries issued the following statement of cash flows for 2022. Sweet Acacia Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income $64.310 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9.919 Decrease in accounts receivable 10.355 Increase in inventory (5,450) Decrease in accounts payable (2,398) Loss on disposal of plant assets 3,597 16,023 Net cash provided by operating activities 80,333 Cash flows from investing activities Sale of investments 3,379 Purchase of equipment (26,378) Net cash used by investing activities (22,999 Cash flows from financing activities Issuance of stock 21.800 Payment on long-term note payable (10.900) Payment for dividends (14,170) Net cash used by financing activities (3.270) Net increase in cash 54,064 Cash at beginning of year 14,170 Cash at end of year $68.234 (a) Compute free cash flow for Sweet Acacia Industries. (Show a negative free cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Free cash flow for Sweet Acacia Industries $ 57334Step by Step Solution
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