View Policies Current Attempt in Progress The comparative balance sheets for Teal Mountain Company appear below: TEAL MOUNTAIN COMPANY Comparative Balance Sheet Assets Dec 31, 2022 $ 34,900 Dec. 31, 2021 $ 15,500 Cash Accounts receivable 22.000 12.500 30.500 19.100 9.000 9.500 17.000 77000 38.500 (15.300 (13.200 $ 158.100 $ 98,900 Inventory Prepaid insurance Stock investments Equipment Accumulated depreciation equipment Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity 529,500 $8.200 36.400 48,600 40.200 23,200 52,000 18.900 $ 158,100 $ 98.900 Additional information 1 Net Income for the year ending December 31, 2022 was $ 45.000 2 Cash dividends of S 11.700 were declared and paid during the year. 3 Stock investments on balance sheet that had a book value of $ 16,800 were sold for 511.800 Sales for 2022 are $ 330,000 The comparative balance sheets for Teal Mountain Company appear below: TEAL MOUNTAIN COMPANY Comparative Balance Sheet Assets Dec 31, 2022 Dec 31, 2021 Cash $34.900 $ 15,500 Accounts receivable 22,000 12,500 Inventory 30,500 19.100 Prepaid insurance 9,000 9.500 Stock investments -0- 17.000 Equipment 77,000 38,500 Accumulated depreciation-equipment (15,300) (13,200) $ 158, 100 $98,900 $29.500 $8,200 Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity 36,400 48,600 40,200 23,200 52,000 18.900 $158.100 $98,900 Additional information: 1. 2 Net income for the year ending December 31, 2022, was $ 45,000 Cash dividends of $ 11,700 were declared and paid during the year. Stock investments on balance sheet that had a book value of $ 16,800 were sold for $11.800 3 4 Sales for 2022 are $ 130,000 Additional information: 1. 2. Net income for the year ending December 31, 2022 was $ 45,000 Cash dividends of $ 11,700 were declared and paid during the year. Stock investments on balance sheet that had a book value of $ 16,800 were sold for $11.800. Sales for 2022 are $ 130,000 3. 4. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-signeg. -15,000 or in parenthesis eg. (15,000)) TEAL MOUNTAIN CORPORATION Statement of Cash Flows S Adjustments to reconcile net income to > >