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please follow same format for answers so I won't be confused. thanks !! The following information is available for Marin Corporation for the year ended
please follow same format for answers so I won't be confused. thanks !!
The following information is available for Marin Corporation for the year ended December 31, 2022: $19,000 19.000 22,000 Collection of principal on long-term loan to a supplier Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value Issuance of common stock for cash Depreciation expense Redemption of bonds payable at carrying (book) value Payment of cash dividends 21,000 26,800 31,200 7.900 Net income 37,300 Purchase of land by issuing bonds payable 40.700 In addition, the following information is available from the comparative balance sheet for Marin at the end of 2022 and 2021: 2022 2021 Cash $158.700 $95.000 Accounts receivable (net) 33,200 16,800 Prepaid insurance 18,600 14,800 Total current assets $210,500 $126,600 $20,200 Accounts payable Salaries and wages payable $36,600 7.000 7,500 Total current liabilities $43,600 $27,700 Prepare Marin's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis eg. (15,000).) MARIN CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ > > Step by Step Solution
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