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URGENT PLEASE!!!! The following are comparative balance sheets for Bonita Company. BONITA Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $73,400 $33,100 Accounts
URGENT PLEASE!!!!
The following are comparative balance sheets for Bonita Company. BONITA Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $73,400 $33,100 Accounts receivable 85,800 71,200 Inventory 170,200 187,000 Land 72,800 101,000 Equipment 260,600 200,800 Accumulated depreciation-equipment (66,100) (33,900) Total $596,700 $559,200 Liabilities and Stockholders' Equity Accounts payable $35,000 $47,500 Bonds payable 151,400 203,400 Common stock ($1 par) 217,600 174,100 Retained earnings 192,700 134,200 Total $596,700 $559,200 Additional information: 1. Net income for 2022 was $103,600. 2. Depreciation expense was $32,200. 3. Cash dividends of $45,100 were declared and paid. 4. Bonds payable with a carrying value of $52,000 were redeemed for $52,000 cash. 5. Common stock was issued at par for $43,500 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 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).) BONITA Company Statement of Cash Flows Adjustments to reconcile net income to 4 $ 4 4 4 4 4 4 4Step by Step Solution
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