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Comparative statements of financial position for Anders Inc. appear below: 10 11 ANDERS INC. Comparative...

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Accounting

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Comparative statements of financial position for Anders Inc. appear below: 10 11 ANDERS INC. Comparative Statements of Financial Position Finish attempt ... Time left 1:13:32 Assets Dec 31, 2022 Dec. 31, 2021 Cash... $ 29,000 $10,000 Accounts receivable. 28,000 19,000 Prepaid expenses.. 12,000 9,000 37,000 54,000 53,000 Inventory.. Long-term investments... Equipment.... Accumulated depreciation equipment... (26.000) (22.000) 110,000 48,000 Total assets. $187.000 $174.000 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $ 21,000 $ 9,000 37,000 45,000 Accounts payable.... Mortgage payable...... Common shares......... Retained earnings... Total liabilities and shareholders' equity..... $187.000 $174,000 40,000 23,000 89,000 97.000 Additional information regarding fiscal 2022: 1. Net income for the year was $27,000 2. Cash dividends of $35,000 were declared and paid during the year. 3. Long-term investments with a carrying amount of $53,000 were sold for $48,000 cash. Instructions What is the net increase in cash for the year ended December 31, 2022? Using the indirect method, prepare in good form, the financing activities of the statement of cash flows for the year ended December 31, 2022

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