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Question 2 of 3 The comparative balance sheets for Oriole Company as of December 31 are presented below. Oriole Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $81.600 $ 54.000 Accounts receivable 60,000 69.600 Inwentary 181.740 170,400 Prepaid expenses 18,336 25.200 Lim 174,000 156,000 240.000 200.000 72.000 148.000 Buildings Accumulated deprecation buildings E Accedebition 27000 4000 14.000 385 2 BE 40 S % 2 3 5 LO 6 07 7 8 9 W E R Question 2 of 3 Cash $81,600 $ 54,000 Accounts receivable 60,000 69,600 Inventory 181.740 170,400 Prepaid expenses 18,336 25,200 Land 174,000 156,000 240.000 240,000 Buildings Accumulated depreciation-buildings (72.000) (48,000 Equipment 270.000 186.000 Accumulated depreciation-equipment (54,000 (42.000 $899.676 5811200 Liabilities and Stockholders' Equity Contable SS16 543.200 BO 300.000 380.000 2 3 4 5 6 6 co & 7 8 9 W R. T Y U S D F G H Question 2 of 3 undings 24UUUU 240.UUU (72,000) (48,000) Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 270,000 186,000 (54.000) (42,000) Total $899,676 $811,200 Liabilities and Stockholders' Equity Accounts payable $53.676 $43,200 Bonds payable 360,000 360.000 Common stock, Spar 240.000 192.000 Retained carnings 246,000 216.000 Total 5899,676 5811.200 con information O op 2 $ 3 26 5 6 6 7 8 00 9 0 2 E R T T U S D E G H J K W Question 2 of 3 -/4 Additional information 1. Operating expenses include depreciation expense of 550,400 (524.000 of depreciation expense for buildings and $26.400 for equipment, 2 Land was sold for cash at book value 3. Cash dividends of $14.400 were paid Net income for 2022 was 544,400 5 Equipment was porchased for $110.400 cash. In addition, equipment costing $26.400 with a book value of $12.000 was sold for $9.500 41.000 shares of siparvocommon stock were issued in exchange for land with a far value of $48.000 Preostamento cash flows for the ended December 1, 2002.htmethod Show amount that desco low with either ones -15.000 or parente 15.000 Orole Company Statement of Cash Flow to be 30 e 2 3 $ 47 5 6 7 8 9 W E R. T o 5 D F G . J K el V B IN M 2 HW Question 2 of 3 Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method (Show amounts that decr flow with either a signes -15,000 or in parenthesis cs. (15,000 Oriole Company Statement of Cash Hows Adistantstoreconcile netcome to Press O . 2 3 4 S N 2 00 9 o Q W E T U 0 R. F A A S D G H J K N z C CL V B N M M Question 2 of 3 Adjustments to reconcile net income to MB 2 3 $ 4 5 7 B 00 9 Q W E R. T 4 S D G H H J K Z X C V B N M. Question 2 of 3 @ 3 $ 2 3 5 6 & 7 8 9 W E 20 T C 4 S D G G . J K Z C C V B N M Question 2 of 3 > o ti 337 Up N 22 3 $ 4 5 6 7 8 0 W E R T C S D F. G H . J K C z V B N

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