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The balance sheet and income statement for Veesperna Company are presented below. Veesperna Company Balance Sheet As at December 3 1 2 0 2 3

The balance sheet and income statement for Veesperna Company are presented below.
Veesperna Company
Balance Sheet
As at December 31
20232022
Assets
Current Assets
Cash $136,010 $80,000
Accounts Receivable $45,700 $28,200
Merchandise Inventory $69,000 $43,600
Total Current Assets $250,710 $151,800
Land $96,000 $104,000
Equipment $94,000 $133,000
Less: Accumulated Depreciation $-51,000 $-64,000
Total Assets $389,710 $324,800
Liabilities and Equity
Liabilities
Current Liabilities
Accounts Payable $37,200 $68,100
Taxes Payable $20,500 $20,500
Total Current Liabilities $57,700 $88,600
Bonds Payable $121,200 $80,500
Total Liabilities $178,900 $169,100
Shareholders' Equity
Common Shares $76,300 $61,300
Retained Earnings $134,510 $94,400
Total Shareholders' Equity $210,810 $155,700
Total Liabilities and Equity $389,710 $324,800
Notes: The company paid cash dividends during 2023.
The company did not make a bonds payable payment during 2023.
The company did not purchase any equipment during 2023.
The company did not purchase any land during 2023.
Veesperna Company
Income Statement
For the Year Ended December 31,2023
Sales $386,000
Cost of Goods Sold $250,900
Gross Profit $135,100
Operating Expenses
Depreciation Expense $9,000
Other Operating Expenses $29,200
Total Operating Expenses $38,200
Income from Operations $96,900
Other Income and Expenses
Interest Expense $-6,500
Loss on Sale of Equipment $-5,300
Gain on Sale of Land $6,200
Operating Income before Tax $91,300
Income Tax $27,390
Net Income (Loss) $63,910
Prepare the statement of cash flows for December 31,2023 using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
Veesperna Company
Statement of Cash Flows
For the Year Ended December 31,2023
Cash Flow from Operating Activities
Net Income Answer
Adjustments to Reconcile Net Income to Cash
Depreciation Expense Answer
Loss on Sale of Equipment Answer
Gain on Sale of Land Answer
Changes in Operating Assets and Liabilities
Increase in Accounts Receivable Answer
Increase in Merchandise Inventory Answer
Decrease in Accounts Payable Answer
Change in Cash Due to Operating Activities Answer
Cash Flow from Investing Activities
Sale of Equipment Answer
Sale of Land Answer
Net Cash Provided (Used) by Investing Activities Answer
Cash Flow from Financing Activities
Proceeds from Issuance of Common Shares Answer
Proceeds from Bonds Payable Answer
Payment of Dividends Answer
Net Cash Provided (Used) by Financing Activities Answer
Net increase (decrease) in cash Answer
Cash at the Beginning of the Year Answer
Cash at the End of the Year Answer

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