CASH FLOW STATEMENT

In addition to the instructions below, an Excel spreadsheet with beginning and ending balances for the Going to the Sun Company$$s $2023$ Balance Sheet and $2023$ Income Statement is also provided.

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Using the financial statements in the Excel spreadsheet and the additional information items below, prepare Going to the Sun$$s Statement of Cash Flows in good form, along with supporting calculations. For the Operating Activities section use either the Direct or Indirect method.

Using the financial statements in the Excel spreadsheet and the additional information items below, prepare Going to the Sun's Statement of Cash Flows in good form, along with supporting calculations.

For the Operating Activities section use either the Direct or Indirect method.

Additional Information

a$.$ Investment Revenue consists entirely of the non$-$cash accrual of income from a long$-$term

investment accounted for using the equity method.

b$.$ A long$-$term investment with a book value of $$32,000$ was sold for $$37,000$ cash.

c$.$ A building with a cost of $$50,000$ and accumulated depreciation of $$35,000$ was sold for $$7,000.$

d$.$ A bond payable with a face value of $$100,000$ was retired at maturity.

e$.$ An additional $30,000$ shares of $$1$ par value common stock were issued for $$4$ per share.

f$.$ An additional $2,000$ shares of $$1$ par value common stock were issued as a $($small$)$ stock dividend when the market price of the stock was $$5$ per share.

g$.$ A building was purchased for $$120,000,$ with a $$70,000$ cash down payment and a note payable for the remaining $$50,000.$

Assume any changes in account balances not related to the additional information provided or to the income statement were the result of a cash transaction.