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The comparative statements of financial position for 2023 and 2022 are given below for Surmise Company Net profit for 2023 was $50 milion BURMESE COMPANY

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The comparative statements of financial position for 2023 and 2022 are given below for Surmise Company Net profit for 2023 was $50 milion BURMESE COMPANY Comparative Statements of Financial Position December 31, 2023 and 2022 in Million 2023 2002 Cash Account receivable $ 35 $ 40 92 96 Los Allowance for uncollectible accounts (121 (4) Prepaid expenses Inventory 145 130 Long-term investment 80 40 Land 100 100 Buildings and equipment 420 300 Les Accumulated depreciation (142) (120) Patent 16 17 $ 743 5 604 Liabilities Accountable 13532 Acords 2 10 Notes payable 35 0 Lalabil 111 Bonds pay 65 125 Shareholders' Equity Ordinary share capitol 60 50 Additionalised capital 245 205 Rendeaming 212 182 5743 5 604 Required: Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2023, assuming Surmise classifies interest paid, interest received, and dividents received as opwatinga and dividends paid as a financing activity Use the indirect method to present cash flows from operating activities because you do not have suficient information to use the direct method you wanna be reasonable asumptions concerning the reasons for changes in some account balances Aspreadsheet or account analysis will be helpful Hint. Then to building was oured with a new se agreement Annual lease payments of 50 milion are paid on January 1 of each year starting in 2023) Enter your answers in millions de 10.000.000 should be entered 10. Amounts to be deducind should be indicated with a minus sign.) BURME COMPANY of Cash Flows For the Year Ended December 21, 2923 (in million

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