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Chapter 11 - Sushi Emporium COMPREHENSIVE CASH FLOW PROBLEM The accounting team at Sushi Emporium has prepare the following Balance Sheet and income Statement for 2022. Additional note disclosures about key transactions are listed as well. Prepare Sushi Emporium's Statement of Cash Flows for 2022. Cash Accounts receivable Prepaid expenses Buildings Equipment A/D - Equipment Accounts payable Bonds payable Common stock ($1 par) APIC Retained earnings Treasury stock 2021 145,000 10,000 18,000 205,000 95,000 (40,000) 31,000 90,000 5,000 130.000 192,000 (15,000) 2022 212,000 18,000 15.000 225.000 134,000 (60,000) 2,000 150,000 6,000 160,000 236,000 (10,000) 575,000 8,000 Income STATEMENT Revenues Gain on sale of equipment Operating expenses 310,000 Depreciation expense 22.000 Income from operations Income tax expense Net income (332,000) 251.000 90.000 161,000 BUILDINGS: No buildings were sold during the period. One building was purchased and it was done by issuing 200 shares of Common Stock EQUIPMENT: One piece of equipment which was originally purchased for $8,000 was sold. Other equipment was purchased for cash. BONDS: No bonds matured, other bonds were issued for cash. COMMON STOCK: In addition to the building purchase done by issuing common stock, one additional sale of stock occurred at 5 times par value. TREASURY STOCK: No treasury stock was purchased, though some was sold

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