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The following are comparative balance sheets for Coronado Company. Additional information: Net income for 2022 was $103,100. 2. Depreciation expense was $31,500. 3. Cash dividends
The following are comparative balance sheets for Coronado Company. Additional information: Net income for 2022 was $103,100. 2. Depreciation expense was $31,500. 3. Cash dividends of $40,800 were declared and paid. 4. Bonds payable with a carrying value of $52,700 were redeemed for $52,700 cash. 5. Common stock was issued at par for $41,000 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. (Show amounts that decrease cash flow with either a sign e.g. 15,000, or in parenthesis e.g. (15,000).) Cash Flows from Operating Activities Cash Flows from Investing Activities Purchase of Equipment Sale of Land Cash Flows from Investing Activities Cash Flows from Financing Activities Net Increase in Cash SUPPORT Cash at End of Period $
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