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Question One: Use the following balance sheet and income statement to prepare a statement of cash flow under the Indirect Method. Income Statement for 2022

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Question One: Use the following balance sheet and income statement to prepare a statement of cash flow under the Indirect Method. Income Statement for 2022 Balance Sheet for 2021 and 2022 \begin{tabular}{lcc} & 2022 & 2021 \\ \hline Liabilities & & \\ Current liabilities & & \\ Accounts payable & $9,000 & $5,000 \\ Wages payable & 4,500 & 8,000 \\ Interest payable & 3,500 & 3,000 \\ Taxes payable & 5,000 & 4,000 \\ Dividends payable & 6,000 & 1,000 \\ Total current liabilities & 28,000 & 21,000 \\ Non-current liabilities & & \\ Bonds & $15,000 & $10,000 \\ Deferred tax liability & 20,000 & 15,000 \\ \cline { 2 - 3 } Total non-current liabilities & 35,000 & 25,000 \\ Total Liabilities & $63,000 & $46,000 \\ \hline \end{tabular} \begin{tabular}{lcc} \hline Shareholders' equity & & \\ Common stock & $40,000 & $50,000 \\ Returned earnings & 59,000 & 30,000 \\ Total Equity & 999,000 & 80,000 \\ \hline Total liabilities and equity & $162,000 & $126,000 \\ \hline \hline \end{tabular}

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