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Statement of Cash Flows (Indirect Method) Using Excel or Word and the following information from J&J Company's financial information for 2022, prepare a statement of
Statement of Cash Flows (Indirect Method) Using Excel or Word and the following information from J&J Company's financial information for 2022, prepare a statement of cash flows (indirect method). Using the information from your completed problem, answer the following questions and you will upload your completed document in the last question. Save your file as your last name Ch16indirect (BoegerCH16indirect). Make sure to follow the guidelines for inputting answers. J&J Company's Financial Information Dec. 31, 2022 Cash Accounts $225,000 Dec. 31, 2021 $200,000 $38,350 $ 35,350 Receivable Merchandise $ 59,500 $ 58,200 Inventory Land $150,000 $ 50,000 Plant Assets $160,000 $160,000 Accumulated $(49,000) $(37,000) Depreciation Total Assets $583,850 $466,550 Accounts Payable $ 29,100 $ 27,300 Accrued Liabilities Common Stock $ 15,500 $ 12,000 $ 45,000 $ 20,000 Retained Earnings Total Liabilites & $494,250 $407,250 $583,850 $466,550 Owner's Equity Additional Information: Net Income for 2022 $98,000 Depreciation Expense for 2022 $12,000 Land purchased for cash $100,000 Stock issued for cash at par value $25,000 Dividends declared and paid $11,000
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