Question: I do not know how to get the answer for the Redemption of Bonds, Payment of Cash Dividends, and the Sale of Common Stock Shamrock,




Shamrock, Inc. Comparative Balance Sheets December 31 \begin{tabular}{lccc} \hline Assets & 2022 & 2021 \\ Cash & $242,400 & $145,200 \\ Accounts receivable & 263,400 & 114,000 \\ Inventory & 337,500 & 308,550 \\ Prepaid expenses & 85,200 & 78,000 \\ \hline Long-terminvestments & 414,000 & 327,000 \\ \hline Plant assets & 855,000 & 727,500 \\ \hline Accumulated depreciation & (150,000) & (156,000) \\ \hline Total & $2,047,500 & $1,544,250 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock 660,000525,000 Retained earnings Total Shamrock, Inc. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $1,165,380 Less: Cost of goods sold $406,380 Operating expenses, excluding depreciation 37,230 Depreciation expense 139.500 Income tax expense 81,840 Interest expense Loss on disposal of plant assets Net income 1. New plant assets costing $300,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $172,500 and accumulated depreciation of $145,500 were sold for $4,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $78,090 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with elther a-signey. - 15,000 or in parenthesis g.(15,000)k) Purchase of Investments (87,000.00) Net Cash used by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Payment of Cash Dividends Sale of Common Stock Net Cash used by Financing Activities Net Increase in Cash
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