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- Chapter 12 Question 4 of 4 Sunland Company issued the following statement of cash flows for 2022. $60,770 Sunland Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $ 9,373 Decrease in accounts receivable 9,785 Increase in inventory (5,150) Decrease in accounts payable (2,266 Loss on disposal of plant assets 3,399 Net cash provided by operating activities Cash flows from investing activities Sale of investments 3,193 Purchase of equipment (24,926) Net cash used by investing activities Cash flows from financing activities Issuance of stock 20,600 Payment on long-term note payable (10,300) Payment for dividends (13,390 Net cash used by financing activities Net increase in cash 15,141 75,911 (21,733) (3,090) 51.088 75,911 3,193 (24,926 ) (21,733) Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year 20,600 (10,300) (13,390) (3,090) 51,088 13,390 $64,478 (a) Compute free cash flow for Sunland Company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow for Sunland Company $ e Textbook and Media Save for Later Attempts: 0 of 1 used Submit

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