The condensed income statement and comparative balance sheet of Donald Corporation as of December 31, 2022 and 2021, are provided below. Other financial data is also given.

Additional information for the year that is pertinent to its preparation follows.

No items of property, plant, and equipment were disposed of during the year.

Paid cash for the additions to property, plant, and equipment during the year.

Paid $10,000 dividends on the common stock in cash during the year.

Issued common stock at par value for cash.

Paid cash to retire the long-term note payable.

Required:

Prepare a statement of cash flows for Donald Corporation for 2022.

Analyze:

If Donald Corporation had written off an uncollectible account receivable of $6,300 during this fiscal period, what adjustment, if any, would be required on the statement of cash flows?

Prepare a statement of cash flows for Donald Corporation for 2022. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & $ \\ \hline Cash flows from financing activities & 0 \\ \hline & & \\ \hline Proceeds from issuance of common stock & \\ \hline Payment of note payable due in 2024 & & \\ \hline Payment of dividend on common stock & & \\ \hline & & $ \\ \hline Net increase in cash & & \\ \hline Cash, January 1, 2022 & & \\ \hline Cash, December 31, 2022 & & $ \\ \hline \end{tabular} Complete this question by entering your answer in the tabs below. If Donald Corporation had written off an uncollectible account receivable of $6,000 during this fiscal period, what adjustment, if any, would be required on the statement of cash flows