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Presented here are the financial statements of Oriole Company. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow
Presented here are the financial statements of Oriole Company. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow with either asign eg. 15,000 or in parenthesis es (15,000).) Additional data: 1. Depreciation expense was $19,250. 2. Dividends declared and paid were $22,000 3. During the year, equipment was sold for $9,350 cash. This equipment originally cost $19,800 depreciation of $10,450 at the time of sale. 1. Depreciation expense was $19.250. 2. Dividends declared and paid were $22,000. 3. During the year, equipment was sold for $9,350 cash. This equipment originally cost $19,800 and had accumulated depreciation of $10,450 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a - sign es - 15,000 or in parenthesis e s. (15,000)) Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Commonstock Retained earnings Total $20,900$16,500 7,7008,800 18,70036,300 19,80015,400 55,000 $122,100 Oriole Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross profit Selling expenses $266,200 192,500 73.700 $19,800 Administrative expenses 6,600 26,400
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