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Probelem: 545 points The comperative balance sheet of Jones Enterprises Inc. at December...

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Accounting

Probelem: 545 points
The comperative balance sheet of Jones Enterprises Inc. at December 31,2022 and 2021, is as follows:
Additional data obtained from an examination of the accounts in the ledger for 2022 are as follows:
A. The investments were sold for $175,000 cash.
B. Equipment and Land were acquired for cash.
C. There were no disposal of equipment during the year.
D. The Mortgage note payable was not due for six years but the terms permitted earlier pament without penalty.
E. The common stock was issued for cash
F. There was a $500,000 credit to retained earnings for net income.
G. There was a $90,000 debit for Retained Earnings for cash dividend declared.
Instructions;
Prepare a statement of cash flows, using the indirect method of presenting cash flows.
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