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

The balance sheet and income statement for Vispara Company are presented below.
Vispara Company
Balance Sheet
As at December 31
20232022
Assets
Current Assets
Cash $133,795 $77,400
Accounts Receivable $46,700 $30,400
Merchandise Inventory $72,700 $44,000
Total Current Assets $253,195 $151,800
Land $97,000 $106,000
Equipment $101,000 $138,000
Less: Accumulated Depreciation $-50,000 $-65,000
Total Assets $401,195 $330,800
Liabilities and Equity
Liabilities
Current Liabilities
Accounts Payable $36,600 $66,600
Taxes Payable $25,900 $25,900
Total Current Liabilities $62,500 $92,500
Bonds Payable $125,100 $89,800
Total Liabilities $187,600 $182,300
Shareholders' Equity
Common Shares $76,900 $61,900
Retained Earnings $136,695 $86,600
Total Shareholders' Equity $213,595 $148,500
Total Liabilities and Equity $401,195 $330,800
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.
Vispara Company
Income Statement
For the Year Ended December 31,2023
Sales $419,000
Cost of Goods Sold $272,350
Gross Profit $146,650
Operating Expenses
Depreciation Expense $7,000
Other Operating Expenses $28,700
Total Operating Expenses $35,700
Income from Operations $110,950
Other Income and Expenses
Interest Expense $-5,600
Loss on Sale of Equipment $-5,600
Gain on Sale of Land $5,100
Operating Income before Tax $104,850
Income Tax $31,455
Net Income (Loss) $73,395
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.
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