Question: prepare a cash flow statement for the year ended December 31,2021 using the indirect method JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec 31, 2021 Dec

 prepare a cash flow statement for the year ended December 31,2021

prepare a cash flow statement for the year ended December 31,2021 using the indirect method

JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec 31, 2021 Dec 31, 2020 Assets Cash $ 23,000 $ 12,000 Accounts receivable 18,000 14.000 Prepaid expenses 6.000 9,000 Inventory 27,000 18,000 0- 18,000 Long-term investment in bonds Equipment 60,000 30,000 Accumulated depreciation equipment (18.000) (14,000) Total assets $ 116.000 $ 87,000 Liabilities and Shareholders' Equity I $ 21.000 $ 9,000 Accounts payable Bonds payable 37 000 45,000 40.000 23,000 Common shares 18 000 10 000 Retained earnings Total liabilities and shareholders' equity $ 116.000 $ 87.000 Additional information 1 Profit for the year ending December 31, 2021 was $ 20,000 2. Cash dividends of $ 12,000 were declared and paid during the year 3. Long-term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16.000

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