question 6

Current Attempt in Progress Shown below are comparative statements of financial position for Martinez Corporation. Additional information: 1. Net income for 2022 was $120,900. There were no gains or losses reported on the statement of income. 2. Cash dividends of $45,500 were declared and paid. 3. Bonds payable amounting to $65,000 were redeemed for cash $65,000. The bonds were originally issued at face value (no premium or discount). 4. Common shares were issued for $54,600 cash. 5. No land was purchased during 2022. 6. No equipment was disposed of during 2022. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) MARTINEZ CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $ $ $ eTextbook and Media Save for Later