make a statement of cash flows Assets Cash JA Accounts receivable Inventory Land A Equipment Accumulated Depreciation

make a statement of cash flows

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Assets Cash JA Accounts receivable Inventory Land A Equipment Accumulated Depreciation - Equip. Dryden Corporation Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Mortgage Note Payable Common stock Retained earnings 1 2 Additional information: 3 1. Net income for 2022 was $128,000. B Total $ 2022 38,000 70,000 202,000 125,000 247,000 (50,000) Total $632,000 $ 22,000 3,500 209,500 191,000 206,000 632,000 $ 4 2. Cash dividends of $16,000 were declared and paid. 5 3. Mortgage note payable principal of $40,500 was paid off with cash. 64. Common stock was issued for cash. 27 5. No equipment was sold during the year. 28 6. Depreciation expense was $18,000 for 2022. 29 C 2021 22,000 76,000 185,000 75,000 205,000 (32,000) 531,000 26,000 1,000 250,000 160,000 94,000 531,000 D Change 16,000 (6,000) 17,000 50,000 42,000 (18,000) (4,000) 2,500 (40,500) 31,000 112,000 Assets Cash JA Accounts receivable Inventory Land A Equipment Accumulated Depreciation - Equip. Dryden Corporation Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Mortgage Note Payable Common stock Retained earnings 1 2 Additional information: 3 1. Net income for 2022 was $128,000. B Total $ 2022 38,000 70,000 202,000 125,000 247,000 (50,000) Total $632,000 $ 22,000 3,500 209,500 191,000 206,000 632,000 $ 4 2. Cash dividends of $16,000 were declared and paid. 5 3. Mortgage note payable principal of $40,500 was paid off with cash. 64. Common stock was issued for cash. 27 5. No equipment was sold during the year. 28 6. Depreciation expense was $18,000 for 2022. 29 C 2021 22,000 76,000 185,000 75,000 205,000 (32,000) 531,000 26,000 1,000 250,000 160,000 94,000 531,000 D Change 16,000 (6,000) 17,000 50,000 42,000 (18,000) (4,000) 2,500 (40,500) 31,000 112,000

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Statement of Cash Flows For the Year Ended December 31 2022 Cash Flows From Operati... View the full answer