Exercise 12-05

problem 12-07A

Exercise 12-05 The current sections of Grouper Corp's balance sheets at December 31, 2021 and 2022, are presented here. Grouper Corp.net income for 2022 was $260,100. Depreciation expense was 545.900 2022 2021 Current assets $178.500 168,300 Accounts receivable 136.000 151,300 Inventory 285,600 292,400 Prepaid expenses 45.900 37.400 Total current assets 1546,000 $649,400 Current liabilities Accrued expenses payable $ 25,500 $ 8,500 Accounts payable 144,500 156,400 Total current liabilities $164.900 $170,000 Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022 using the indirect method. (Show amounts that decrease cash flow with either sign 15.000 or in parenthesis (15.000).) .rper Corp Partial Statement of Cash Flows Prepare the net cash provided (used) by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis.g. (15,000).) Grouper Corp Partial Statement of Cash Flows Adjustments to reconcile net income to Problem 12-07A (Part Level Submission) Presented below are the financial statements of Oriole Company. Oriole Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 77,000 Accounts receivable 44,000 Inventory 61,600 Property, plant, and equipment 132,000 Accumulated depreciation (70,400 ) Total $244,200 2021 $ 44,000 30,800 44,000 171,600 (52,800 ) $237,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 41,800 15,400 37,400 39,600 110,000 $244,200 $ 33,000 17,600 72,600 30,800 83,600 $ 237,600 Oriole Company Income Statement For the Year Ended December 31, 2022 LCULATOR FULL SCREEN PRINTER $532,400 385,000 147,400 Oriole Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $39,600 Administrative expenses 13,200 Income from operations Interest expense Income before income taxes Income tax expense 52,800 94,600 6,600 88,000 17,600 $ 70,400 Net Income Additional data: 1. Depreciation expense was $38,500 2. Dividends declared and paid were $44,000. 3. During the year equipment was sold for $18,700 cash. This equipment cost $39,600 originally and had accumulated depreciation of $20,900 at the time of sale. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.. (15,000).) Oriole Company Statement of Cash Flows CALCULATOR FULL SCREEN PRINTER VERSION 3 (al Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Oriole Company Statement of Cash Flows Adjustments to reconcile net income to Attempts: 0 of used (b) The parts of this question must be completed in order. This part will be available when you complete the part above