Presented below is a condensed version of the comparative statements of nancial position for Ottawa Traders for the last two years at December 31. 2022 2021 Cash CA$177,000 CA$46,500 Accounts receivable 118,000 76,500 Investments 70,000 96,000 Equipment 35 1,000 175,000 Accumulated depreciationequipment 93,000 66,000 Current liabilities 136,000 92,000 Share capital - ordinary 140,000 64,000 Retained earnings 347,000 172,000 Additional information: 0 Investments were sold at a gain of CA$8,000. 0 No investments were purchased. 0 No equipment was sold. 0 Cash dividends paid were CA$41,000. 0 Net income was CA$216,000. Prepare a statement of cash flows for 2022 for Ottawa Traders. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) OTTAWA TRADERS Statement of Cash Flows December 31, 2022 V Cash Flows from Operating Activities V Net Income V CA$ Adjustments to reconcile net income to V CA$ V V V V V V V 1 V V V V V V CA$Prepare a statement of cash flows for 2022 for Ottawa Traders. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) OTTAWA TRADERS Statement of Cash Flows December 31, 2022 v Cash Flows from Operating Activities Net Income CA$ Adjustments to reconcile net income to Cash at Beginning of Year Cash at End of Year CA$ Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash V V V V V CA$Prepare a statement of cash flows for 2022 for Ottawa Traders. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) OTTAWA TRADERS Statement of Cash Flows December 31, 2022 V Cash Flows from Operating Activities Net Income CA$ Adjustments to reconcile net income to CA$ Sale of Investments Increase in Current Liabilities Payment of Cash Dividends Net Income Redemption of Shares Issuance of Ordinary Shares Gain on Sale of Investments Purchase of Equipment Decrease in Current Liabilities Depreciation Expense Increase in Accounts Receivable Loss on Sale of Investments Decrease in Accounts Receivable V V V V V V CA$ eTextbook and Media Save for Later Last saved 2 seconds ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date