P22.2 (LO 2, 4) Excel Groupwork (SCF-Indirect Method) The comparative balance sheets for Hinckley Corporation show the following information. December 31 Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment. Patents Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings Additional data related to 2025 are as follows. 1. Equipment that had cost $11.000 and was 40% depreciated at time of disposal was sold for $2,500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $5.000. 2025 $ 33,500 12,250 12,000 7. A long-term note for $16.000 was issued for the acquisition of equipment. 8. Interest of $2.000 and income taxes of $6,500 were paid in cash. -0- -0- 45,000 5.000 $107,750 $ 3,000 2,000 -0- 5.000 -0- 3.000 31,000 43,000 20.750 $107,750 2024 $13,000 10,000 9.000 3,000 29,750 20,000 6.250 $91,000 $4,500 4.500 6.000 3.000 5.000 4.000 25,000 33,000 6.000 $91.000 4. On January 1, 2025, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,000 (net of $2.000 taxes). 5. Debt investments (available-for-sale) were sold at $1.700 above their cost. The company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment.

need to make a statement of cash flow chat

Ndditonal data related to 2025 are as follows 1. Equigenent that had coit $11.000 and war 40% degireciateil ot tinie of disposal was rold for 52.500 2. 510.000 of the long-term note payable was fald ty issuind cosomoon stock. 1. Cath dividends paid were 55,000 4, 0n lanuary 1. 2025. the buiding wak ceripletely deotroyed bya food, leirurance proceedi on thie buildicir were 530.000 (het of 52.000 taxes) 6. Cash was pald for the arquition of equighent. 7. A long tarm nete far 516.000 was iasued for than acquntoa of equipment B. foterest of 52.000 and lisceme tame of 56.500 were pald in caxh. Ndditonal data related to 2025 are as follows 1. Equigenent that had coit $11.000 and war 40% degireciateil ot tinie of disposal was rold for 52.500 2. 510.000 of the long-term note payable was fald ty issuind cosomoon stock. 1. Cath dividends paid were 55,000 4, 0n lanuary 1. 2025. the buiding wak ceripletely deotroyed bya food, leirurance proceedi on thie buildicir were 530.000 (het of 52.000 taxes) 6. Cash was pald for the arquition of equighent. 7. A long tarm nete far 516.000 was iasued for than acquntoa of equipment B. foterest of 52.000 and lisceme tame of 56.500 were pald in caxh