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The following information is available for Sunland Company for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable

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The following information is available for Sunland Company 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 Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 43,200 3,600 155,500 7,900 10,600 272,700 33,600 11,500 4,500 277,400 25,000 192,000 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).) Sunland Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to

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