With the numbers and information provided please complete the Statement of Cash Flows.

AutoSave OFS AF... Chapter 12 HW (Empty) Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (body) v 12 ~ Al A 92 Wrsa Text General X LG v Insert v AY Delete Paste B 1 U - A - Merge & Center % Conditional Format Cell Formatting as Table Styles Sort & Filter Format w Find & Select Sensitivity Analyze Data y 137 + xfx T AB D F F G H K 1 M N P R 5 T The comparative balance sheets for Elf Inc as of December 31" are presented below. Use these data along with the additional information provided to complete a statement of cash flows. . 2. 3 4 5 Elf Inc. Comparative Balance Sheets As of December 31, 20XX 6 7 8 9 10 11 12 13 14 15 16 Assets Cash Accounts receivable Inventary Prepaid experses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2022 $50,120 42,000 127,218 12,835 121,400 168,000 (50.400) 199,000 137.8901 $622.773 2021 $37,800 48,720 119,280 17,640 109,200 168,000 (33,600) 130,200 129.4001 $567.840 17 18 $30,240 19 20 21 22 23 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Treasury Stock Retained earnings Total $37,573 252,000 168,000 (7,000) 172,200 $622,773 252000 134400 0 0 151200 $567,840 25 Acklitional Information 1. Operating expens include depreciation expense of $35,280 ($16 200 af depreciation perse for buildings and 26 $19,480 for equipment). 27 2. Land was sold for $21,000 cd. 28 3. Cash dividerds of $10,000 were paid. 29 4. Net Income tor 2022 was $31,020. 5. Equipment was purchased for $77,280 cash In addition, equipment casting $18,480 with a neback value al 30 $8.400 was sold for $6,720 cash Q1 + Ready S: + 100% AutoSave OF AF... Chapter 12 HW (Empty) Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibrl (body) v 12 ~ Al A ab Wran Text y General Insert v 5 X LG v 4YO Delete Paste 1 U - A = = Merge & Center % Conditional Format Cell Formatting as Table Styles Sort & Filter Format w Find & Select Sensitivity Analyze Data y T F G H K 1 M N P R 5 T 137 . X fx AB D 25 Additional Information 1. Operating expenses include depreciation expenseot$35,280 ($16,300 of depreciation practor buildings and 26 $19,480 for equipment). 22 2. Land was sold for $21,000 cach. 28 3. Cash dividerds of $10,080 were paid 29 4. Net income for 2022 Was $21,080. 5. Equipment was purchased for $77,280 cash. In addition, equipment casting $18,480 with a net back value at 30 $8,400 was sold for $6.720 cash. 31 6.33,600 shares of a par valuecommon stuck were issued in exchange for land. 32 7. 700 shares of treasury stock were purchased for $10/sare 33 34 35 Fir Ing Statement of Cash Flows For the year anded December 31, 20xx [] 36 37 38 39 10 41 42 43 44. 45 46 47 48 49 50 5 52 53 54 SS Q1 + Ready S: + 100%