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The balance sheet for Hootie Company is as follows: The following additional information is available: i) Profits after tax for 2022 were $50000. ii) Cash
The balance sheet for Hootie Company is as follows: The following additional information is available: i) Profits after tax for 2022 were $50000. ii) Cash dividends of $25000 were paid during the year. iii) A portion of unsecured syndicated bank loan matured and was repaid during the year. iv) Ordinary shares were issued for cash. v) Property and equipment were purchased for cash. No non-current assets were sold during the year. vi) The change in accumulated depreciation is a result of depreciation expense Required Prepare a full statement of cash flows for the year. Use the indirect method for the operating activities section of the statement
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