Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2022...

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Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2022 2021 $ 14,300 $ 10,700 21,200 23,400 20,000 26,000 70,000 70,000 (15,000) (10,000) $110,500 $120,100 $ 12,370 $ 31,100 75,000 69,000 23,130 20,000 $110,500 $120,100 Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,900. Instructions a. Prepare a statement of cash flows for 2022 using the indirect method. b. Compute free cash flow. Prepare statement of cash flows-indirect method. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2022 2021 $ 14,300 $ 10,700 21,200 23,400 20,000 26,000 70,000 70,000 (15,000) (10,000) $110,500 $120,100 $ 12,370 $ 31,100 75,000 69,000 23,130 20,000 $110,500 $120,100 Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,900. Instructions a. Prepare a statement of cash flows for 2022 using the indirect method. b. Compute free cash flow. Prepare statement of cash flows-indirect method.