Ochoa Group, had the following condensed statement of financial position at the end of operations for 2021 (¥ in thousands).

During 2022, the following occurred.

1. A tract of land was purchased for ¥11,000.

2. Bonds payable in the amount of ¥20,000 were retired at par.

3. An additional ¥10,000 in ordinary shares were issued at par.

4. Dividends totaling ¥9,375 were paid to shareholders.

5. Net income was ¥30,250 after deducting depreciation of ¥13,500.

6. Land was purchased through the issuance of ¥22,500 in bonds.

7. Ochoa Group sold part of its investment portfolio for ¥12,875. This transaction resulted in a gain of ¥2,000 for the company. The company classifies them as non trading equity investments.

8. Both current assets (other than cash) and current liabilities remained at the same amount.

Instructions

a. Prepare a statement of cash flows for 2022 using the indirect method.

b. Prepare the condensed statement of financial position for Ochoa Group as it would appear at December 31, 2022.

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Ochoa Group Statement of Financial Position December 31, 2021 |Investments ¥ 20,000 Share capital-ordinary ¥75,000 Land 40,000 Retained earnings 24,500 Plant assets (net) 67,500 Long-term notes payable 25,500 Current assets other than cash 29,000 Bonds payable 25,000 Cash 8,500 Current liabilities 15,000 ¥165,000 ¥165,000