The comparative balance sheets for Carla Vista Corporation appear below:

CARLA VISTA CORPORATION Comparative Balance Sheet at December 31st

2027 2026

Assets

Cash $ 17,160 $ 12,840

Accounts receivable 25,440 28,080

Land 24,000 31,200

Building 84,000 84,000

Accumulated depreciationequipment (18,000) (12,000)

Total assets $ 132,600$ 144,120

Liabilities and Shareholders' Equity

Accounts payable $ 14,840 $ 37,320

Common shares 90,000 82,800

Retained earnings 27,760 24,000

Total liabilities and shareholders' equity $ 132,600$ 144,120

Additional information:

1. Profit for the year ending December 31, 2027 was $27,160.

2. Land was sold for cash of $5,880, resulting in a loss of $1,320 on sale of the land.

3. Cash dividends were declared and paid during the year, $23,400.

REQUIRED:

generate a well formatted Statement of Cash Flows, using the indirect method, for the year ended December 31, 2027 in proper format.

Answer rating: 100% (QA)

Statement of Cash Flows For the Year Ended December 31 2027 Using the Indirect Method Operating Acti... View the full answer