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Question 3 (10 points) You have the following selected information for your company: From the year ending December 31, 2022 Income Statement: Revenue: $16,400 Cost
Question 3 (10 points) You have the following selected information for your company: From the year ending December 31, 2022 Income Statement: Revenue: $16,400 Cost of Goods Sold: $2,800 Depreciation Expense: $900 Wages Expense: $1,775 Net Income: $6,000 From the Balance Sheets, the following are changes between December 31, 2021 and December 31, 2022. (no change for any items not listed) Accounts Receivable: from a balance of $2,400 to a balance of $3,100 Inventory: from a balance of $4,000 to a balance of $4,600 Accounts Payable: from a balance of $1,700 to a balance of $1,300 Also from the December 31, 2021 Balance Sheet, Cash was....(see yours below, use only yours) $2,100 For 2022 , there was $1,200 in capital expenditures and $500 paid in cash dividends: but no other financing or investing activities. Based on the appropriate available information above, Prepare a Statement of Cash Flow (Indirect Method), using the proper format. (i.e., headings and properly label all line items)
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