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The following information is available for Coronado Industries for the year ended December 31, 2022. $ 33,750 Beginning cash balance Accounts payable decrease 2,775 Depreciation

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The following information is available for Coronado Industries for the year ended December 31, 2022. $ 33,750 Beginning cash balance Accounts payable decrease 2,775 Depreciation expense 121,500 6,150 Accounts receivable increase Inventory increase 8,250 213,075 Net income Cash received for sale of land at book value 26,250 9,000 Cash dividends paid Income taxes payable increase 3,525 Cash used to purchase building 216,750 Cash used to purchase treasury stock 19,500 Cash received from issuing bonds 150,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15, in parenthesis e.g. (15,000).) Coronado Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 213075 Net Income Adjustments to reconcile net income to Net Cash used by Operating Activities 121500 Depreciation Expense 3525 Increase in Income Taxes Payable Decrease in Accounts Payable 2775 Increase in Accounts Receivable 6150 %24

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