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The following intormation is available for lamarisk, Inc. for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable
The following intormation is available for lamarisk, Inc. 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 $ 42,750 3,515 153,900 7,790 10,450 269,895 33,250 11,400 4,465 274,550 24,700 190,000 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).) Tamarisk, Inc. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 - Cash Flows from Operating Activities - Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Increase in Inventory Issuance of Bonds Payment of Dividend Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period $
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