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The ones that are blank I got wrong. Question 4 of 4 8.81/20 Additional information: 1. Net income for 2022 was $110,000. 2. Cash dividends
The ones that are blank I got wrong.
Question 4 of 4 8.81/20 Additional information: 1. Net income for 2022 was $110,000. 2. Cash dividends of $36,300 were declared and paid. 3. Bonds payable amounting to $66,000 were redeemed for cash $66,000. 4. Common stock was issued for $46,200 cash. 5. Equipment that cost $55,000 and had a book value of $33,000 was sold for $39,600 during 2022 ; land was sold at cost. .htmlilaunchld =d754c879980f4a738dfcdf4952144916 \#/question/3 Question 4 of 4 8.81/20 Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $110000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ \begin{tabular}{|l|r|} \hline Increase in Accounts Receivable \\ \hline Decrease in Accounts Payable \\ \hline Gain on Disposal of Equipment \\ \hline Decrease in Inventory & -12100 \\ \hline \end{tabular} Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 39600 Purchase of Equipment Sale of Land 30800 Net Cash used by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock 46200 eTextbook and Media - Your answer is incorrect. Compute free cash flow for 2022. Free cash flow for 2022 Question 4 of 4 8.81/20 Additional information: 1. Net income for 2022 was $110,000. 2. Cash dividends of $36,300 were declared and paid. 3. Bonds payable amounting to $66,000 were redeemed for cash $66,000. 4. Common stock was issued for $46,200 cash. 5. Equipment that cost $55,000 and had a book value of $33,000 was sold for $39,600 during 2022 ; land was sold at cost. .htmlilaunchld =d754c879980f4a738dfcdf4952144916 \#/question/3 Question 4 of 4 8.81/20 Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $110000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ \begin{tabular}{|l|r|} \hline Increase in Accounts Receivable \\ \hline Decrease in Accounts Payable \\ \hline Gain on Disposal of Equipment \\ \hline Decrease in Inventory & -12100 \\ \hline \end{tabular} Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 39600 Purchase of Equipment Sale of Land 30800 Net Cash used by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock 46200 eTextbook and Media - Your answer is incorrect. Compute free cash flow for 2022. Free cash flow for 2022Step by Step Solution
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