Additional information: 1. New plant assets costing $190,000 were purchased for cash during the year....
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Accounting
Additional information: 1. New plant assets costing $190,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $109,250 and accumulated depreciation of $92,150 were sold for $2.850 cash. 3. Bonds payable matured and were paid olf at face value for cash. 4. A cash dividend of $49,457 was declared and paid during the year. Preparea statement of cash flows using the indirect method, (Show amounts that decrease cash flow with cither 03(gnes15,000 or in \begin{tabular}{|c|c|c|} \hline Assets & 2022 & 2021 \\ \hline Cash & $153.520 & $91,960 \\ \hline Accounts receivable & 166,820 & 72,200 \\ \hline Imventory & 213,750 & 195,415 \\ \hline Prepaid expenses & 53,960 & 49.400 \\ \hline Long-term investments & 262.200 & 207,100 \\ \hline Plant assets & 541.500 & 460,750 \\ \hline Accumulated depreciation & (95,000) & (98,800) \\ \hline Total & $1.296,750 & $978,025 \\ \hline \multicolumn{3}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $193,800 & $127.870 \\ \hline Accrued expenses payable & 31,350 & 39,900 \\ \hline Bonds payable: & 209.000 & 277,400 \\ \hline Commonstock. & 418,000 & 332.500 \\ \hline Retained earnings & 444,600 & 200,355 \\ \hline \multirow[t]{2}{*}{ Total } & $1,296,750 & $978.025 \\ \hline & & \\ \hline & \begin{tabular}{l} Inc. \\ nent Data \end{tabular} & \\ \hline \end{tabular}




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