HK Inc. is developing its annual financial statements on December 31, 2022. The completed comparative balance...

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HK Inc. is developing its annual financial statements on December 31, 2022. The completed comparative balance sheets and additional information are provided. (in thousands) Balance Sheet Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Long-Term Investment Equipment Accumulated Depreciation Total Assets Accounts Payable Wages Payable Dec 31, 2022 52 37 50 7 15 500 (312) 349 35 14 60 52 183 Dec 31, 2021 40 32 59 4 10 460 (270) 335 Unearned Income Long-Term Notes Payable Common Stock Retained Earnings Total Liabilities & Equity Additional Information: HK Inc. has a net income of $18, and cash dividends paid are $4. Prepare the Statement of Cash Flows for 2022 using the Indirect Method. 349 30 6 10 70 50 169 335 HK Inc. is developing its annual financial statements on December 31, 2022. The completed comparative balance sheets and additional information are provided. (in thousands) Balance Sheet Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Long-Term Investment Equipment Accumulated Depreciation Total Assets Accounts Payable Wages Payable Dec 31, 2022 52 37 50 7 15 500 (312) 349 35 14 60 52 183 Dec 31, 2021 40 32 59 4 10 460 (270) 335 Unearned Income Long-Term Notes Payable Common Stock Retained Earnings Total Liabilities & Equity Additional Information: HK Inc. has a net income of $18, and cash dividends paid are $4. Prepare the Statement of Cash Flows for 2022 using the Indirect Method. 349 30 6 10 70 50 169 335

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Statement of Cash Flows for HK Incs Fiscal Year Ending December 31 2022 Running Jobs income 18 Nonca... View the full answer