Unit 9 Assignment Q9

Data

a)Prepare a statement of cash flow using the in direct method. (Show amounts that decrease cash flow with either a -sign e.g -15,000 or in parenthesis e.g (15,000).)

b)

Question 9 of 9 Presented here are the financial statements of Sunland Company. SUNLAND COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36.900 $20.800 Accounts receivable 32,800 18,100 Inventory 29.300 20,700 Property, plant, and equipment 59.400 77.700 Accumulated depreciation (29.300) (23,500) Total $129.100 $113,800 Liabilities and Stockholders' Equity Accounts payable $ 16,600 Income taxes payable $28,400 7.000 26.400 8,000 33,900 Bonds payable Common stock 18.100 14,900 Retained earnings 49,200 40,400 Total $129.100 $113,800 SUNLAND COMPANY Income Statement For the Year Ended December 31, 2022 $242,600 176,600 66,000 $18,300 6,100 24.400 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 41,600 2.400 39,200 7,840 $31,360 Additional data: 1 2. 3. Depreciation expense was $16,300. Dividends declared and paid were $22,560. During the year, equipment was sold for $7,800 cash. This equipment originally cost $18,300 and had accumulated depreciation of S10.500 at the time of sale. Bonds were redeemed at their carrying value Common stock was issued at par for cash. 4. . 5. Prepare a tento cash flowing the neemthed how ori.000 -15.000 SUT Satment of Cash Flow V Adjustments to reconciliation v v V Tebook and Media S Age of Sused SARI . (6) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg 45 or parentheses eg. (451) Free Cash Flows e Textbook and Media Save for later Attempts: 0 of 5 used Submit An