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Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method Not all accounts listed may be used in this
Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method Not all accounts listed may be used in this example Net income Cash December 31, 2021 $60,000,000.00 $75,000,000.00 Cash December 31 2022 ??????? Depreciation Expense $2,000,000.00 Increase in inventory $1,500,000.00 Decrease in accounts payable $3,200,000.00 Increase in Prepaid insurance $1,100,000.00 Purchased stock $3,000,000.00 Purchased land Paid mortgage $4,000,000.00 $5,000,000.00 Paid car loan $6,000,000.00 Increase in wages payable $1,300,000.00 Patient Receivable $25,000,000.00
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