Use the owing to ques26-27 Cast Buildings and eme Acramulated depreciation Comp 464.000 200 1640000 Cash flows from operating activities Net income Kiner Company Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Increase in accounts payable Depreciation-buildings and equipment Gain on sale of equipment (384,000) 192,000 360,000 (164,000) 68,000 Amortization of patents Net cash provided by operating activities Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment 238,000 (600,000) (1,172,000) Net cash used by investing activities Cash flows from financing activities Payment of cash dividend Issuance of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2022 Cash, December 31, 2022 (350,000) 1,250,000 72,000 1,322,000 (1,534,000) 970,000 620,000 408,000 960.000 1,368,000 300,000 Total assets on the balance sheet at December 31, 2022 are $6,648,000. Accumulated depreciation on the equipment sold was $336,000, 24 When the equipment was sold, the Buildings and Equipment account received a credit of 424,000 424,000 25 The balance of the Buildings and Equipment account at December 31, 2022 was 26 The balance in the Retained Earnings account at December 31, 2022 was 27 Common stock (plus any additional paid-in capital) at December 31, 2022 was L339.000 353000 111000 C 1,755,000 D 1.395.000 Use the fellowing tower is 24-2 Fancial statements for Ker Company are given bew Cash A pretation Austy Com Company 60.000 Acc 416,000 64.000 300 4000 000 12,000 1250000 260000 4,754,000 Financial statements for Kiner Company are given below: Kiner Company Balance Sheet January 1, 2022 Cash Accounts receivable Buildings and equipment Accumulated depreciation- buildings and equipment Patents Assets Liabilities 960,000 864,000 Accounts payable 456,000 3,900,000 Equities (1,200,000) Common stock 2,860,000 432,000 4,956,000 Retained earnings 1,640,000 4,956,000 Cash flows from operating activities Net income Kiner Company Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Increase in accounts payable Depreciation-buildings and equipment Gain on sale of equipment Amortization of patents Net cash provided by operating activities Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities Cash flows from financing activities Payment of cash dividend Issuance of common stock Net cash provided by financing activities 1,250,000 (384,000) 192,000 360,000 (164,000) 68.000 72,000 1.322,000 238,000 (600,000) (1.172,000) (350,000) 970,000 (1.534,000) 620,000 Net increase in cash 408,000 Cash, January 1, 2022 960,000 Cash, December 31, 2022 1.368.000 Total assets on the balance sheet at December 31, 2022 are $6.648,000 Accumulated depreciation on the equipment sold was $336,000 Cash, December 31, Total assets on the balance sheet at December 31, 2022 are $6,648,000. Accumulated depreciation or 24 When the equipment was sold, the Buildings and Equipment account received a credit of 424,000 424,000 25 The balance of the Buildings and Equipment account at December 31, 2022 was 26 The balance in the Retained Earnings account at December 31, 2022 was 27 Common stock (plus any additional paid-in capital) at December 31, 2022 was