Current Attempt in Progress The following are comparative balance sheets for Larkspur Company. Additional information:...
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Current Attempt in Progress The following are comparative balance sheets for Larkspur Company. Additional information: 1. Net income for 2022 was $102,000. 2. Depreciation expense was $32,700. 3. Cash dividends of $42,600 were declared and paid. 4. Bonds payable amounting to $52,800 were redeemed for cash $52,800 Additional information: 1. Net income for 2022 was $102,000. 2. Depreciation expense was $32,700. 3. Cash dividends of $42,600 were declared and paid. 4. Bonds payable amounting to $52,800 were redeemed for cash $2,800. 5. Common stock was issued for $42,200 cash. 6. No equipment was sold during 2022 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sisn e.8. 15,000, or in parenthesis e.g. (15,000). Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either ae.g. 15,000, or in parenthesis e.g. (15,000)
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