Question: 1 From the year ending December 31 , 2022 Income Statement: Revenue: $16,400 cost of Goods Sold: $2,800 Depreciation Expense: $900 Wages Expense: $1 ,

From the year ending December 31 , 2022 Income Statement: Revenue: $16,400

1

From the year ending December 31 , 2022 Income Statement: Revenue: $16,400 cost of Goods Sold: $2,800 Depreciation Expense: $900 Wages Expense: $1 , 775 Net Income: $6,000 From the Balance Sheets, the following are changes bewveen December 31 , 2021 and December 31 , 2022. (no change for any items not listed) Accounts Receivable: from a balance of $2,400 to a balance of $3, 100 Inventory: no change Accounts Payable: from a balance of $1,700 to a balance of 1,500 Cash on Jan 1, 2022 was $11000 For 2022, there was $11200 in capital expenditures and $500 paid in cash dividends: but no other financing or investing activities. Based on the appropriate available information above, Prepare a Statement of Cash Flow (Indirect Method), using the proper format. (i.e.. headings and properlv label all line items)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!