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The following information is available for Marin Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $35,000
The following information is available for Marin Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $35,000 14,000 Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value 22,900 Issuance of common stock for cash 21,500 Depreciation expense 26,900 Redemption of bonds payable at carrying (book) value 39,400 6,600 Payment of cash dividends Net income 33,800 Purchase of land by issuing bonds payable 43,300 In addition, the following information is available from the comparative balance sheet for Marin at the end of 2022 and 2021: In addition, the following information is available from the comparative balance sheet for Marin at the end of 2022 and 2021: 2022 2021 Cash $160,600 $92,500 Accounts receivable (net) 31,000 18,000 Prepaid insurance 19,100 13,300 Total current assets $210,700 $123,800 Accounts payable $30,300 $23,400 Salaries and wages payable 7,000 7,100 Total current liabilities $37,300 $30,500 Prepare Marin's statement of cash flows for the year ended December 31, 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).) MARIN CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to > > > >
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