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This is for accounting. Thank you so much! The following information is available for Marin Corporation for the year ended December 31, 2022: Collection of
This is for accounting. Thank you so much!
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 $25,000 Acquisition of equipment for cash 12,500 Proceeds from the sale of long-term investment at book value 23,500 Issuance of common stock for cash 20,900 Depreciation expense 25,600 Redemption of bonds payable at carrying (book) value 38,000 Payment of cash dividends 7,600 Net income 38,000 Purchase of land by issuing bonds payable 40,100 In addition, the following information is available from the comparative balance sheet for Marin at the end of 2022 and 2021: 2022 2021 Cash $162,200 $97,000 Accounts receivable (net) 33,100 16,500 Prepaid insurance 19,000 14,800 Total current assets $214,300 $128,300 Accounts payable $36,600 $24,100 Salaries and wages payable 6,000 7.400 Total current liabilities $42,600 $31,500 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 $ A A > > > >
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