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Presented here are the financial statements of Bonita Company. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g.
Presented here are the financial statements of Bonita Company. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free Cash Flow Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,000 7,000 27,400 18,200 48,800$129,400 $16,600 8,300 32,100 13,700 44,500 $115,200 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000).) BONITA COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,900 66,300175,600 $18,525 41,6006,175 39.0002,600 7.800 $31,200 Additional data: 1. Depreciation expense was $16,600. 2. Dividends declared and paid were $26,900. 3. During the year, equipment was sold for $7,800 cash. This equipment originally cost $18,000 and had accumulated depreciation of $10,200 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash
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