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thumbs up to correct answer! cash flow statement CARLA VISTA CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $16,300 $12,190 Accounts receivable 24,170 26,680

thumbs up to correct answer! cash flow statement
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CARLA VISTA CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $16,300 $12,190 Accounts receivable 24,170 26,680 Land 22,800 29,640 Buildings 79,800 79,800 Accumulated depreciation-buildings (17.100) (11.400) Total $125,970 $136,910 Liabilities and Shareholders' Equity Accounts payable $14.100 $35,450 Common shares 85.500 78,660 Retained earnings 26,370 22,800 Total $125,970 $136,910 Additional information: 1. 2. Profit was $25,800. Dividends declared and paid were $22,230. No noncash investing and financing activities occurred during 2021. The land was sold for cash of $5.590 resulting in a loss of $1,250 on the sale of the lan 3. estion 2 of 5 Decrease in Accounts Payable V (21.350) Net Cash Used by Operating Activities V $ $ Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE. (Show amour cash flow with either a-signeg.-15,000, or in parenthesis e.3. (15,000)). CARLA VISTA LIMITED Cash Flow Statement-Indirect method Year Ended December 31, 2021 Proht 25,800 Adjustments to reconcile profit to Operating Activities Depreciation Expense $ 5.700 Decrease in Accounts Receivable 2.510 Decrease in Accounts Payable 121,350) Net Cash Used by Operating Activities

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