Yorkton Enterprises Company's June 30, 2022 year-end presented the following information:
			2022	2021
	Cash	$ 63,350	$ 66,097
	Accounts receivable	$ 20,210	$ 18,860
	Merchandise inventory	$ 128,250	$ 133,320
	Long-term investments	$ 108,120	$ 113,928
	Equipment	$ 249,126	$ 168,840
	Accumulated depreciation, equipment	-$ 81,304	-$ 32,042
	Total		$ 487,752	469,003
	Accounts payable		$ 15,904	$ 11,628
	Income taxes payable		$ 20,114	$ 21,300
	Bonds payable		$ 58,640	$ 67,840
	Common shares		$ 158,480	$ 136,400
	Retained earnings		$ 234,614	$ 231,835
	Total		$ 487,752	$ 469,003
			Income Statement
	Sales(all on credit)			$359,919
	Cost of goods sold		$ 187,507
	Depreciation expense		$ 74,741
	Other operating expenses		$ 47,402
	Interest expense		$ 9,167
	Loss on sale of equipment		$ 4,663
				$ 323480
	Net income			$ 36439
	Other relevant information:
	1)There was no gain or loss on the long-term investments sold or the bonds retired.
	2)Paid dividends ofduring the year.
	3)Additional shares were issued during the year.
	4)New equipment was purchased for $121,581.
	5)Old equipment with an original cost of $41,295 was sold for $11,153.
	REQUIRED:
	Give a statement of cashflows in good form, for the year ended June 30, 2022 using the
	indirect method.

Answer rating: 100% (QA)

Yorkton Enterprises Company Statement of Cash Flows Indirect Method For the Year Ended June 302022 C... View the full answer