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The Chicanery Company is preparing the statement of Cash flows using the indirect method. Below...

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Accounting

The Chicanery Company is preparing the statement of Cash flows using the indirect method.
Below are the comparative Balance Sheets and additional information.
Balance Sheet 20232022
Cash 31,40062,800
Account Receivable 60,60073,660
Merchandise Inventory 56,88062,510
Equipment 603,400565,700
Land 53,15017,330
Accumulated Depreciation (339,000)(321,000)
Total Assets 466,430461,000
--
Accounts Payable 52,40056,320
Salaries Payable 24,56026,970
Unearned Income 24,80036,520
Long-Term Notes Payable 186,220204,400
Common Stock 74,35063,990
Retained Earnings 104,10072,800
Total Liabilities & Equity 466,430461,000
Net Income is $45,600; calculate the cash dividends paid
Depreciation Expense is $18,000
The company purchased Land for $20,000 with a Long-term Note Payable
The company used a Long-Term Note Payable to purchase Land for $20,000.
The company repaid Long-Term Notes Payable in the amount of $38,180.
Prepare the Statement of Cash Flows for 2023 using the Indirect Method

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