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The following are comparative balance sheets for Bramble Company. Assets Cash Accounts receivable Inventory Land BRAMBLE Company Comparative Balance Sheets December 31 Equipment Accumulated depreciation-equipment
The following are comparative balance sheets for Bramble Company. Assets Cash Accounts receivable Inventory Land BRAMBLE Company Comparative Balance Sheets December 31 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2022 $72,700 86,300 169,700 72,200 260,400 (65,700) $595,600 $35,500 148,300 217.500 194,300 $595,600 2021 $33,400 71,100 187,500 101,400 199,300 (34,300) $558,400 $47,500 203,300 172,500 135,100 $558,400
Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense was $31,400. 3. Cash dividends of $44,900 were declared and paid. 4. Bonds payable with a carrying value of $55,000 were redeemed for $55,000 cash. 5. Common stock was issued at par for $45,000 cash. 6. No equipment was sold during 2022 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (15how amounts that decrease cash flow with either a-sign eg. 15,000, or in parenthesis eg. (15,000)
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