urgent!!! 1128

Bonita Industries has recently decided to go public and has hired you as an inclependent CPA. One statement that the enterprise is ancious to have prepared is a statement of cash flows. Financial statements of Bonita Industries for 2022 and 2021 are provided below. BALANCESHEETS INCOME STATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Grossprofit Selling expenses Administrative expenses Income from operations Interest expense income before taxes Income taxes Net income $8410000 7152000 1258000 $600000 467000191000 73000 394000 98500 $295500 The following additional data were provided: 1. Dividends for the vear 2022 were $192000. 2. During the year, equipment was sold for $240000. This equipment cost $350000 originally and had a book value of $288000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category The following additional data were provided: 1. Dividends for the year 2022 were $192000. 2. During the year, equipment was sold for $240000. This equipment cost $350000 originally and had a book value of $288000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. Under the direct method, the cash received from customers is $8451000.$8410000.$8552000$8268000.