Fill in the table of statement of cash flows: Wheels To Go Wheels To Go Statement of
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Question:
Fill in the table of statement of cash flows:
Wheels To Go | Wheels To Go | ||||||
Statement of Cash Flows | Cash Flow From Operating Activities - Indirect Method | ||||||
For the Year Ended December 31, 2022 | For the Year Ended December 31, 2022 | ||||||
Cash Flow from Operating Activities | Cash Flow from Operating Activities | ||||||
Cash Received from Customers | Net Income | $1,098,529 | |||||
Cash Received for Interest | Adjustments to Reconcile Net Income to Operating Cash Flow: | ||||||
Cash Received for Dividends | 5,017 | Depreciation Expense | |||||
Cash Paid for Merchandise | Amortization Expense | ||||||
Cash Paid to Employees | (1,459,700) | Bad Debt Expense | |||||
Cash Paid to Other Suppliers | Share-based Compensation | ||||||
Cash Paid for Interest | Excess of Pension Expense over Funding | ||||||
Cash Paid for Income Taxes | (8,655) | Gain on Sale of Investments | 0 | ||||
Cash Flow From Operating Activities | Gain on Sale of Intangibles | ||||||
Loss on Sale of PPE | |||||||
Unrealized Losses on Investments | |||||||
Cash From Investing Activities | Bond Premium Amortization | ||||||
Amortization of Discount on Investment | |||||||
Acquisition of Property, Plant & Equipment | ($212,971) | Increase (decrease) in Deferred Tax Liability | 83,278 | ||||
Proceeds from Disposition of Property, Plant & Equipment | 32,883 | Decrease (increase) in Deferred Tax Asset | (422,045) | ||||
Purchase of Investments | (77,415) | Income Tax Expense (Benefit) included in OCI | |||||
Proceeds from the Sale of Investments | (Increase) decrease in gross accounts receivable (excluding write-offs) | ||||||
Cash Flow from Investing Activities | (Increase) decrease in revenue related accounts | ||||||
(Increase) decrease in interest receivable | 0 | ||||||
(Increase) decrease in inventory | |||||||
Cash Flow From Financing Activities | (Increase) decrease in prepaid expenses | ||||||
Increase (decrease) in accounts payable | 115,057 | ||||||
Reissuance of Treasury Stock | 300,000 | Increase (decrease) in interest payable | 19,525 | ||||
Bond Issue | 736,267 | Increase (decrease) in salaries payable | |||||
Payment of Notes | (13,396) | Increase (decrease) in taxes payable | 758,201 | ||||
Payment on Lease Obligation | (59,254) | Increase (decrease) in deferred revenue | 1,295,388 | ||||
Dividends Distributed | (217,305) | Increase (decrease) in contingent liabilities | 1,800 | ||||
Cash Flow From Financing Activities | 746,312 | Cash Flow From Operating Activities | |||||
Total Cash Flow | |||||||
Beginning Cash & Cash Equivalents | 1,302,675 | ||||||
Ending Cash & Cash Equivalents | $6,544,129 |
Using this trial balance