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Sunny Technologies Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31,2022 and 2023 is shown below along with some other
Sunny Technologies Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31,2022 and 2023 is shown below along with some other information. Other information regarding Sunny and its activities during 2023: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,900 were purchased during the year by paying cash of $32,700 and issuing a long-term note payable for the balance. Required: Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31 , 2023. (List any deduction in cash and cash outflows and loss as negative amounts.) 1 Sunny Technologies Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31,2022 and 2023 is shown below along with some other information. Other information regarding Sunny and its activities during 2023: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,900 were purchased during the year by paying cash of $32,700 and issuing a long-term note payable for the balance. Required: Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31 , 2023. (List any deduction in cash and cash outflows and loss as negative amounts.) 1
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