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Swifty Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,100. 2. Equipment which cost
Swifty Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,100. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,500 was sold for $3,500. 3. No noncash imesting and financing activities occurred during 2022. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 45,000 or in parenthesis e8.(45,000)J
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