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prepare a statement of cashflows for the year ended 12/31/2022 using the indirect method. **I tried to fill out the first column in the last

prepare a statement of cashflows for the year ended 12/31/2022 using the indirect method.
**I tried to fill out the first column in the last photo, but some are still wrong. any explination would be helpful as well! thank you! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The income statement, balance sheets, and additional information for Great Adventures, Inc.. are provided below. $164,270 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net revenues Expenses: Cost of goods sold $38,500 Operating expenses 51,480 Depreciation expense 17,250 Interest expense 6,785 Income tax expense 14,500 Total expenses Net income 128,435 $ 35,835 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Increase (I) or Decrease (D) 2022 2021 $ $ 64, see 180,568 47,689 7,eee 9ee $116,068 47,688 7,eee 3,6ee (I) (I) (I) (D) 4,589 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets see, eee 800,000 62,00 (25,250) $1,572,818 See, eee (I) 800,00 (1) 22,8e (1) 17,250 (1) 40,988 (8,eee) 5101, eee $ $ 18,eee (1) 20,899 75e 14,500 21, eee 523,883 2,889 750 14, eee Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stack Total liabilities and stockholders equity e see (1) 21,000 (1) 493,883 (1) 38,888 20,00 120,000 984,80 57,885 (9,808) $1,572,818 100, see 984,000 24,435 (90,380) ( 33,450 GHOS $191,300 Additional Information for 2022: 1 Land of $500,000 was obtained by issuing a note payable to the seller 2. Buildings of $800,000 and equipment of $22.000 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $6,117. 4. Issued common stock for $1,000,000. 5. Purchased 10,000 shares of treasury stock for $15 per share. 6. Sold 4,000 shares of treasury stock at $16 per share. 7. Declared and paid a cash dividend of $11.400. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Coch Boston Ang Attes Ahments to reconcile not incom TOMG from operating act Depreciation pense Increase in accounts receivable Increase in Inventory Decrease in other current sets Increase in accounts payable Increase in other currentables Increase in income tax payable OOOOOO Natashow from operating activities Cash Flows from Investing Ativities Purchase of copment Purchase of land Natashow from using advies Cash Fions from Financing Activities Rasment of not payable CATTIKA

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