Lauras Fresh Cooking Inc. began operations on January 1, 2022. Lauras prepares gourmet dinners and delivers to

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Laura’s Fresh Cooking Inc. began operations on January 1, 2022. Laura’s prepares gourmet dinners and delivers to customers in fresh coolers; customers put them in the oven and have a meal within 30 minutes. The business seems to be a success! Its post-closing trial balance at December 31, 2022 and 2023 is shown below along with some other information.


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Other information regarding Laura’s Fresh Cooking Inc. and its activities during 2023:1. Assume all accounts have normal balances.2. Cash dividends were declared and paid during the year.3. There were no sales of property, plant, and equipment assets during the year.4. Investments were sold for cash at their original cost.



RequiredUsing the information provided, prepare a statement of cash flows (applying the direct method) for the year ended December 31, 2023.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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