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Selected information from the accounting records of the Enterprise appears below. You are asked to prepare a statement of cash flows for the period ended
Selected information from the accounting records of the Enterprise appears below. You are asked to prepare a statement of cash flows for the period ended 12/31/2022, using the indirect method. 1 Net income for 2022 is $34,000. 2 Beainnina and endina balances in three accounts relatina to the firm's customers were as follows: 3 The halances in Inventorv and Acc.nu unts Pavable were as follows: 4 The balance in the Salary Payable account increased $11,000 between the beginning and the end of 2022 . 5 The balance in Prepaid Expense account decreased \$8,000 between the beginning and the end of 2022. 6 During 2022, the enterprise sold, for $36,000 cash, equipment with a net book value (cost - accumulated depreciation) of $38,000. The enterprise also purchased equipment for cash of $22,000. Depreciation expense for 2022 was $18,000. 8 During 2022, the Enterprise sold a license on a device developed internally by its research staff for \$13,200. 9 During 2022, the Enterprise paid income taxes of $21,800 in cash. There was no income tax payable outstanding at the beginning or end of 2022. 10 The Enterirpise issued new shares for $30,000. 11 The beginning cash balance for 2022 is $66,688
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