The balance sheets of Sem-A's Tag at December 31, 2023 and December 31, 2022 and the related income for the year ended December 31, 2023 a state 313 A 11. P $2,000 Cash 41,000 Account Real 4,000 61,000 $14.000 120,000 Prepaid Expens 25.000 14,000 262,500 140,000 Machinery & Equipment #15,100 110,000 22,000 16,000 14,000 546,000 b Accounts Payable 46,000 Accrued Expenses Payable 11,000 6,000 Salaries payable 4,000 2,000 Dividends Payable 10,000 Bonds Payable 100,000 Common Stock 175,000 105,000 PIC in Excess of Par 100,000 213,000 191,000 Retained Earnings 105,000 Treasury Stock (18,000) 30,000 (24,000) 546.000 $58.000 Gain on Sale of Plant Asset Total Revenue & Gains Cost of Goods Sold Salary Expense Depreciation Expense Amortization - Other of Patents Operating Expenses Interest Experie Loss on Sale of stent Loss on bond Retirement Loss on sale of Patents Total Expenses & Losses Income before Tax Income Taxes Net income Sam'so tallano Tagle, M Income Statement for the year ended December 31, 2023 750,000 1300 $759,200 $ 265.300 157,000 18.000 8,000 8.100 18.500 1,100 2.600 3,000 575,600 $183,600 48.600 $135,000 Additional Information A. Cash dividends of $ 60,000 were declared Stock was issued for cash C Treasury shares were re-issued at cost in exchange for cash D. Equip with an original cost of accumulated depreciation of $ 23,400 and S 7,400 was sold for cash 5 19,500 were sold for cash E Investments were purchased with cash F. Investments costing G. Bonds were retired with cash H. Cash was paid for Equipment Patents were sold for cash. Required: Prepare a Statement of Cash Flows (indirect method) for the year ended December 31, 2023 Problem a The balance sheets of Sam-Am's fredo Italiano Taglia Ltd. as of at December 31, 2023 and December 31, 2022 and the related income statement for the year ended December 31, 2023 are as follows: 31-Dec:23 31-Dec-22 Assets 52,000 41,000 Cash 84,000 $5.000 Accounts Recivable 114.000 120,000 Inventory 25,000 18,000 Prepaid Expenses 162,500 160,000 Investments Machinery & Equipment 111,100 110,000 Accumulated Depreciation (22,600) (12,000) 36,000 56,000 Patents 564,000 558,000 Labinies&fouity Accounts Payable 44,000 68,000 Accrued Expenses Payable 11,000 6,000 Salpable 4,000 2,000 Dividends Payable 30,000 Bonds Payable 100,000 175,000 Common Stock 105,000 100,000 PIC in Excess of Par 213,000 191,000 Retained Earnings 105,000 30,000 Treasury Stock (18,000) (24,000 566,000 558,000 Sales Gain on Sale of Plant Asset Total Revenue & Gin Cost of Goods Sold Salary Expense Depreciation Expense Amortization of Patents Other Operating Expenses Interest Expense Loss on Sale of Investment Loss on Bond Retirement Loss on Sale of Patents Total Expenses & Losses Income Before Tax Income Taxes Net Income Additional Information A. Cash dividends of Sam-Am's fredo Haliano Taglia Income Statement for the year ended December 31, 2023 $ 758,000 1,200 $ 759,200 S 265,300 157,000 18,000 8,000 98,100 18,500 3,100 2,600 5,000 $ 60,000 were declared 575,600 $ 183,400 48,600 $ 135,000 Stock was issued for cash C. Treasury shares were re-issued at cost in exchange for cash D. Equip, with an original cost of accumulated depreciation of 23,400 and 7,400 was sold for cash $ $19.500 were sold for cash E Investments were purchased with cash Fevestments costing G. Bonds were retired with cash H. Cash was paid for Equipment Patents were sold for cash. Required: Prepare a Statement of Cash Flows (indirect method) for the year ended December 31, 2023 Problem #6 The balance sheets of Sam-I-Am's il fredo Italiano Taglia Ltd. as of at December 31, 2023 and December 31, 2022 and the related income statement for the year ended December 31, 2023 are as follows: 31-Dec-23 31-Dec-22 Assets 52,000 41,000 Cash 84,000 65,000 Accounts Recivable 114,000 120,000 Inventory 25,000 18,000 Prepaid Expenses 162,500 160,000 Investments 115,100 110,000 Machinery & Equipment Accumulated Depreciation (22,600) (12,000) 36,000 56,000 Patents 566,000 558,000 Liabilities & Equity Accounts Payable 46,000 68,000 Accrued Expenses Payable 11,000 6,000 Salaries payable 4,000 2,000 Dividends Payable 10,000 Bonds Payable 100,000 175,000 Common Stock 105,000 100,000 PIC in Excess of Par 213,000 191,000 Retained Earnings 105,000 Treasury Stock (18,000) 30,000 (24,000) 566,000 558,000 Sales Gain on Sale of Plant Asset Total Revenue & Gains Cost of Goods Sold Salary Expense Depreciation Expense Amortization of Patents Other Operating Expenses Interest Expense Loss on Sale of Investment Loss on Bond Retirement Loss on Sale of Patents Total Expenses & Losses Income Before Tax Income Taxes Net Income Sam-l-Am's il fredo Italiano Taglia, Ltd. Income Statement for the year ended December 31, 2023 $ 758,000 1,200 $ 759,200 $ 265,300 157,000 18,000 8,000 98,100 18,500 3,100 2,600 5,000 Additional Information A. Cash dividends of B. Stock was issued for cash $ 60,000 were declared C. Treasury shares were re-issued at cost in exchange for cash D. Equip. with an original cost of accumulated depreciation of $ 23,400 and $ 7,400 was sold for cash E. Investments were purchased with cash F. Investments costing $ 19,500 were sold for cash G. Bonds were retired with cash H. Cash was paid for Equipment ii. Patents were sold for cash. Required: Prepare a Statement of Cash Flows (indirect method) for the year ended December 31, 2023 575,600 $ 183,600 48,600 $ 135,000