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Use this informatiok to prepare a statement of cash flows using indirect method Alex Company reported the following information for 2022. Prepare statement of cash
Use this informatiok to prepare a statement of cash flows using indirect method
Alex Company reported the following information for 2022. Prepare statement of cash flows-indirect method. Alex Company Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $ 59,000 $ 36,000 $ 23,000 Increase Accounts receivable 62,000 22,000 40,000 Increase Inventory 44,000 -0- 44,000 Increase Prepaid expenses 6,000 4,000 2,000 Increase Land 55,000 70,000 15,000 Decrease Buildings 200,000 200,000 -0- Accumulated depreciation buildings (21,000) (14,000) 7,000 Increase Equipment 183,000 68,000 115,000 Increase Accumulated depreciation equipment (28,000) (10,000) 18,000 Increase Totals $560,000 $376,000 Liabilities and Stockholders' Equity Accounts payable $ 43,000 $ 40,000 $ 3,000 Increase Accrued expenses payable -0- 10,000 10,000 Decrease Bonds payable 100,000 150,000 50,000 Decrease Common stock ($1 par) 230,000 60,000 170,000 Increase
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