Prepare the Statement of cash flow for the year ended December31,2022. Using the indirect method. Accounts receivable.

Prepare the Statement of cash flow for the year ended  December31,2022. Using the indirect method.

 

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Accounts receivable. Inventory Prepaid insurance Stock investments Equipment Accumulated depreciation-equipment MARIN COMPANY Comparative Balance Sheet Total assets Liabilities and Stockholder's Equity Cash Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity 1 2 3. 4. Assets Dec. 31, 2022 $38,700 19,500 26,100 7,300 -0- 84,000 (18,000) $157,600 $32,800 37,100 43,400 44,300 $157,600 Dec. 31, 2021 $18,500 12,500 16,700 9,300 17,900 42.000 (13,000) $103,900 Additional information: Net Income for the year ending December 31, 2022, was $37.000. Cash dividends of $14,800 were declared and paid during the year. Stock investments on balance sheet that had a book value of $18,700 were sold for $12.800. Sales for 2022 are $150,000. $7,800 50,000 24,800 21,300 $103,900 Accounts receivable. Inventory Prepaid insurance Stock investments Equipment Accumulated depreciation-equipment MARIN COMPANY Comparative Balance Sheet Total assets Liabilities and Stockholder's Equity Cash Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity 1 2 3. 4. Assets Dec. 31, 2022 $38,700 19,500 26,100 7,300 -0- 84,000 (18,000) $157,600 $32,800 37,100 43,400 44,300 $157,600 Dec. 31, 2021 $18,500 12,500 16,700 9,300 17,900 42.000 (13,000) $103,900 Additional information: Net Income for the year ending December 31, 2022, was $37.000. Cash dividends of $14,800 were declared and paid during the year. Stock investments on balance sheet that had a book value of $18,700 were sold for $12.800. Sales for 2022 are $150,000. $7,800 50,000 24,800 21,300 $103,900

Answer rating: 100% (QA)

To prepare a statement of cash flows for the year ended December 31 2022 using the indirect method follow these steps 1 Start with Net Income Accordin... View the full answer