Question: PLEASE SOLVE THE QUESTION IN THE TABLE DOWN OR SIMILAR TO IT. THANK YOU The comparative balance sheet of ABC Company shows the following balances

PLEASE SOLVE THE QUESTION IN THE TABLE DOWN OR SIMILAR TO IT. THANK YOU
PLEASE SOLVE THE QUESTION IN THE TABLE DOWN OR SIMILAR TO IT.
THANK YOU The comparative balance sheet of ABC Company shows the following

The comparative balance sheet of ABC Company shows the following balances as of December 31. Aadditional data for the year 2022: 1. Land was sold at its original cost of $30,000 2. Dividends of $30,000 were declared and paid. 3. A new building was purchased for $90,000 cash. 4. Net income was $240,000. 5. Another building was purchased by signing a long-term note for $250,000. 6. Total operating expense was $100,000, which includes $28,000 Depreciation. 7. Paid $50,000 to redeem long-term liabilities. Required: Prepare Cash Flow Statements for ABC Company for the year ended December 31, 2022, using the indirect method. Statement of Cash Flows For the Year Ended December 31, 2021 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ For the Year Ended December 3i, } & & \\ \hline Cash flows from operating activities & & \\ \hline Net income & & \\ \hline Adjustments: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash provided by operating activities & & \\ \hline Cash flows from Investing Activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from Financing Activities & & \\ \hline & & \\ \hline & & \\ \hline Nash increase in Cash beginning of the period & & \\ \hline & & \\ \hline \end{tabular} The comparative balance sheet of ABC Company shows the following balances as of December 31. Aadditional data for the year 2022: 1. Land was sold at its original cost of $30,000 2. Dividends of $30,000 were declared and paid. 3. A new building was purchased for $90,000 cash. 4. Net income was $240,000. 5. Another building was purchased by signing a long-term note for $250,000. 6. Total operating expense was $100,000, which includes $28,000 Depreciation. 7. Paid $50,000 to redeem long-term liabilities. Required: Prepare Cash Flow Statements for ABC Company for the year ended December 31, 2022, using the indirect method. Statement of Cash Flows For the Year Ended December 31, 2021 \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ For the Year Ended December 3i, } & & \\ \hline Cash flows from operating activities & & \\ \hline Net income & & \\ \hline Adjustments: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash provided by operating activities & & \\ \hline Cash flows from Investing Activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from Financing Activities & & \\ \hline & & \\ \hline & & \\ \hline Nash increase in Cash beginning of the period & & \\ \hline & & \\ \hline \end{tabular}

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