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please fill in the statement of cash flows using the information provided Current Attempt in Progress Presented below is the comparative balance sheet for Sunland
please fill in the statement of cash flows using the information provided
Current Attempt in Progress Presented below is the comparative balance sheet for Sunland inc, a private compary reporting under. ASPE, at December 4 and 2020 . Additional information: 1. Cash dividends of $15,000 were declared. 2. A long-term investment was acquired for cashat a cost of $101500. 3. Depreciation expense is included in the operating expenses. A long-term investment was acquired for cash at a cost of $101,500. Depreciation expense is included in the operating expenses. The company issued 10,500 common shares for cash on March 2, 2021. The fair value of the shares was $10 per shure The proceeds were used to purchase additional equipment. Equipment that originally cost $30,000 was sold during the year for cash. The equipment had a carrving value of 39,000 at the time of sale. The company issued a note payable for $28,000 and repaid $3,000 by year end. All purchases of inventory are on credit. Accounts. Payable is used only to record purchases of inventory pare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash low with echer s.g.gnes Photoshop Site uestion 1 of 7 - 19.UUU or in parenthesis e9. (15,0RUJ. SUNLAND INC. Cash Flow Statement - Indirect Method Year Ended December 31,2021 5 Adjustments to reconcile profit to $ Step by Step Solution
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