Problem $6.6-$ Required: Prepare a Statement of Cash Flow for the year $2023$ using the Indirect Method.

Gold Inc.

$2023($current$)$

$2022($Prior$)$

Assets

Cash

$28,000$

$18,000$

Accounts Recelvable

$104,000$

$48,000$

Inventory

$174,000$

$80,000$

Prepaid Assets

$8,000$

$4,000$

Land

$14,000$

coupment

$250,000$

$200,000$

Accumulated depreciation $-$ equipment

$(80,666)$

$(68,000)$

Building

$100\mathrm{.}000$

Accumulated depreciation $-$ building

$(3,334)|$

Total Assets S

$580,000$

$ $296,000$

Liabilities

Accounts payable

$50,000$

$28,000$

Interest payable

$16,000$

$12,000$

Wages payable

$74,000$

$22,000$

Note Payable

$74,000$

$64,000$

Bonds Payable

$150,000$

$100\mathrm{.}000$

Total liabilities S

$364,000$

$226,000$

Stockholders' Equity

Common stock, $$10$ par

$150,000$

$50,000$

retained earnings

$66,000$

$20,000$

Total stockholders' Equity

$216,000$

$70,000$

Total liabilities $+$ Stockholders' Equity

$580,000$

$296,000$

Additional information

Net Income

gain on sale of land paid cash dividends

purchased building and equipment with cash

$62,000$

$6,000$

$16,000$