Question: Current Attempt in Progress The following information is available for Sweet Acadia Industries for the year ended December 31, 2022. $72,000 Beginning cash balance Accounts

 Current Attempt in Progress The following information is available for Sweet
Acadia Industries for the year ended December 31, 2022. $72,000 Beginning cash
balance Accounts payable decrease 5,920 Depreciation expense 259,200 Accounts receivable increase 13.120
Inventory increase 17.600 Net income 454.560 56,000 Cash received for sale of

Current Attempt in Progress The following information is available for Sweet Acadia Industries for the year ended December 31, 2022. $72,000 Beginning cash balance Accounts payable decrease 5,920 Depreciation expense 259,200 Accounts receivable increase 13.120 Inventory increase 17.600 Net income 454.560 56,000 Cash received for sale of land at book value Cash dividends paid Income taxes payable increase 19.200 7,520 Cash used to purchase building 12400 41.600 Cash used to purchase treasury stock Cash received from issuing bonds 320,000 Sweet Acacia Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to $ Question 9 of 10

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