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The following information is available for Larkspur Corporation for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable
The following information is available for Larkspur Corporation for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Sales revenue Cash dividends paid Income tax payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $37,000 3,600 80,000 8,500 14,600 311,000 37,000 748,500 11,000 4,800 146,000 34,500 234,000 Prepare a statement of cash flows 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).) LARKSPUR CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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