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Swifty Corporation's comparative balance sheets are presented below. SWIFTY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $ 14,800 $ 10,300 Accounts receivable 21,500
Swifty Corporation's comparative balance sheets are presented below. SWIFTY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $ 14,800 $ 10,300 Accounts receivable 21,500 23.500 Land 20,300 26.400 70,000 70.000 Buildings Accumulated depreciation-buildings (14.600) ( 10.400) Total $ 112,000 $ 119.800 $ 12.200 $ 28,600 Accounts payable 74,400 69.500 Common stock Retained earnings 25,400 21.700 Total $ 112,000 $ 119.800 Additional information: 1 2 Net income was $ 22.900. Dividends declared and paid were $ 19 200. No noncash investing and financing activities occurred during 2022 The land was sold for cash of $ 4.500. 3 Prepare a statement of cash flows for 2022 using the Indirect method. Show mount the cash with the -15.000 15.0001 SWIFTY CORPORATION Statement of Cash Flows-Indirect Method Port 1.2002 NIC alone V 14700 come to recondent inconto Net Cuired by our Odont V 45:00 Lollo V 750 th V 200 V 20 NetCash Provided Operating Activ 179200 CA V V V V $ eTextbook and Media Catest Fresh
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