STATEMENT OF CASH FLOW EXAMPLE Kerby Company has prepared the following Balance Sheets for 2023 and 2022. 12/31/23 $ 56 41 Cash Accounts receivable Fixed assets Accumulated depreciation Accounts payable Mortgage payable Preferred stock Additional Paid-In Capital - preferred Common stock Retained earnings a. Net Cash Provided by Operations is $ b. Net Cash Used by Investments is $ Net Cash Provided by Financing is $ 579 (170) $506 C. $74 20 181 70 100 61 $506 12/31/22 $ 40 42 465 (140) $407 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. $ 60 99 100 40 100 8 $407