Question 3 of 3 Additional information: 1. Net income for 2022 was $104,300. 2. Depreciation expense...

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Question 3 of 3 Additional information: 1. Net income for 2022 was $104,300. 2. Depreciation expense was $32,300. 3. Cash dividends of $46,300 were declared and paid. 4. Bonds payable with a carrying value of $54,200 were redeemed for $54,200 cash. 5. Common stock was issued at par for $44,300 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with ei e.g.-15,000, or in parenthesis e.g. (15,000).) SUNLAND Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to +A 104300 Question 3 of 3 Additional information: 1. Net income for 2022 was $104,300. 2. Depreciation expense was $32,300. 3. Cash dividends of $46,300 were declared and paid. 4. Bonds payable with a carrying value of $54,200 were redeemed for $54,200 cash. 5. Common stock was issued at par for $44,300 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with ei e.g.-15,000, or in parenthesis e.g. (15,000).) SUNLAND Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to +A 104300

Answer rating: 100% (QA)

lets dive deeper into each section of the statement of cash flows for Sunland Company for the year ended December 31 2022 using the indirect method Ca... View the full answer