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The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Additional information Net
The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Additional information Net income $90,000 Deprecation on long term assets $25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly the cash generated under each of the three activities, namely: operating, investing, and financing providing all the details
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