Question: Your answer is jartally correct. Shown below are comparative balance sheets for lvarhoe Company Additional ichornation 1. Net income for 2022 win $145.300 2. Depreciation

for lvarhoe Company Additional ichornation 1. Net income for 2022 win $145.300

2. Depreciation expenewas $71.400 3. Cach dividends of 591.900 were deciared and

$paid. 4. Plonds nwyble amountine to \$105,000 were redeemed for cast $105000$

Your answer is jartally correct. Shown below are comparative balance sheets for lvarhoe Company Additional ichornation 1. Net income for 2022 win $145.300 2. Depreciation expenewas $71.400 3. Cach dividends of 591.900 were deciared and paid. 4. Plonds nwyble amountine to \$105,000 were redeemed for cast $105000 3. Comman stock was iswed for 398,200cach. b. No equilpment was sold durind 2022 7. Land wew sold for itn book value. Ivanhoe Company Statement of Cash Flows For the Year Ended December 31, 2022 Cakhflows trom Operating Activities Net incame 5 rotwole Adjustments to reconcile net income to Increase in Accounts Receivable Decrease in imventory Decrease in Acconints Payable Decrease in Accounts Pavable 5 5

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