Prepare the Statement of Cash Flows for the Period ending December 31, 2023 for Moon Walk Inc.

Moon Walk had transactions as follows:

Sold a piece of equipment during the with an original costs of $120,000. The equipment had accumulated depreciation of $100,000 and was sold for $40,000 cash.

Purchased a piece of equipment for $130,000 cash.

Retired bonds for $500,000 cash.

Issued 200,000 shares of $1 par value common stock for $300,000 cash.

Paid a cash dividend of $50,000

Moon Walk Inc Statement of Cash Flows for the period ending December 31, 2023:

Use the Financial Statements for Moon Walk Inc. to complete the following questions. Moon Walk Inc. Comparative Statement of Income for the 12 months ending December 31 . anos anoziand ams Moon Walk Inc Comparative Balance Sheet as of December 31, 2022, 2023 and 2024 \begin{tabular}{|l|c|c|c|} \hline \begin{tabular}{l} Intangible Assets, net \\ of amortization \end{tabular} & 126,000 & 138,000 & 150,000 \\ \hline \begin{tabular}{l} Total Non-current \\ assets \end{tabular} & 2,498,000 & 2,553,000 & 2,480,000 \\ \hline TOTAL ASSETS & 6,032,435 & 4,405,141 & 4,380,200 \\ \hline Accounts Payable & 300,000 & 360,000 & 290,000 \\ \hline Interest Payable & 80,000 & 50,000 & 65,000 \\ \hline Income Taxes Payable & 49,714 & 40,987 & 25,980 \\ \hline Total Current Liabilities & 429,714 & 450,987 & 380,980 \\ \hline Bonds Payable & 2,000,000 & 500,000 & 1,000,000 \\ \hline Total Liabilities & 2,429,714 & 950,987 & 1,380,980 \\ \hline Common Stock & 500,000 & 500,000 & 300,000 \\ \hline \begin{tabular}{l} Additional Paid in \\ Capital \end{tabular} & 750,000 & 750,000 & 650,000 \\ \hline Retained Earnings & 2,352,721 & 2,204,154 & 2,049,220 \\ \hline Total Shareholders' & 3,602,721 & 3,454,154 & 2,999,220 \\ \hline Equity & 6,032,435 & 4,405,141 & 4,380,200 \\ \hline TOTAL LIABILITIES + & & & \\ \hline EQUIYY & & & \\ \hline \end{tabular} Prepare the Statement of Cash Flows for the Period ending December 31, 2023 for Moon Walk Inc. Moon Walk had trensactions as follows: - Sold a piece of equipment during the with an orieinal costs of $120.000. The equipment had accumulated depreciation of $100,000 and was sold for $40,000 cash. - Purchased a piece of equipment for $130,000 cash. - Retired bonds for $500,000 cash. - I5sued 200,000 shares of $1 par value common stock for $300,000 cash. - Paid a cash dividend of $50,000 \begin{tabular}{l} Proceeds from the Sale of Assets \\ Purchase of Assets \\ Cash provided by [used in] Investing Activities \\ Retirement of Bonds \\ Proceeds from the Issuance of stock \\ Dividend Payment \\ \hline Cash provided by (used in) Financing Activities \\ \hline Net Increase (Decrease) in Cash \\ \hline Beginning Cash Balance \\ \hline Ending Cash Balance \\ \hline \end{tabular}