Question: Lily Corporation s comparative balance sheets are presented below. Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash

1. Net income was $22,200. Dividends declared and paid were $17,400. 2.

No noncash investing and financing activities occurred during 2022. 3. The land

was sold for cash of $4,600. Prepare a staternent of cash flows

for 2022 using the indirect method. (Show amounts that decrease cash flow

Lily Corporation s comparative balance sheets are presented below. Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,600. Prepare a staternent of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sisn es 15,000, or in porenthesises. (15,000)J Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign eg 15,000, or in parenthesis e.g. (15,000). Compute free cash fiow. (Enter negotive amount using either a negative sign preceding the number es, 45 or parentheses es. (45)) Free cash flow

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