Question: this is for insuruction 1. using this informatiom i need help filling out the chart attached below The comparative balance sheets for Gallup Company appear

this is for insuruction 1. using this informatiom i need help filling out the chart attached below  this is for insuruction 1. using this informatiom i need help
filling out the chart attached below The comparative balance sheets for Gallup

The comparative balance sheets for Gallup Company appear below: Dec. 31, 2021 GALLUP COMPANY Comparative Balance Sheet Dec. 31, 2022 Assets Cash $ 28,000 Accounts receivable 18,000 Prepaid expenses 7,000 Inventory 25,000 Long-term investments -0- Equipment 60,000 Accumulated depreciation equipment (18.000) Total assets $120.000 $13.000 14,000 9,000 15,000 18,000 30,000 (14,000) $85.000 Llabilities and Stockholders' Equity Accounts payable $ 25,000 Bonds payable 37,000 Common stock 40,000 Retained earnings 18.000 Total liabilities and stockholders' equity $120.000 $ 7.000 45,000 23,000 10.000 $85.000 Additional information: 1. Net income for the year ending December 31, 2022, was $20,000 2. Cash dividends of $12,000 were declared and paid during the year. 3. Long-term investments that had a book value of $18,000 were sold for $13,000. 4. Sales for 2022 are $120,000 Instructions 1. Prepare a worksheet and statement of cash flows for the year enfted December 31, 2022, using the indirect method. Worksheet for Statement of Cash Flows Change Operating Investing OR CR DR CR DR CR Inflow Outflow Account Name Financing DR CR No Inflow Outflow Effect + Current Prior Year Year 28,000 13,000 18,000 14,000 7,000 25,000 0 9,000 15,000 18,000 Cash Accounts receivable Prepaid Expense Inventory Long-term Investment Equipment Accumulated depreciation Accounts payable Bonds payable Common stock Retained earnings 60,000 18,000 30,000 14,000 25,000 37,000 40,000 18,000 7.000 45,000 23,000 10,000 Wish (United States) Focus

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