The following are comparative balance sheets for Bramble Company. Additional information: 1. Net income for...
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The following are comparative balance sheets for Bramble Company. Additional information: 1. Net income for 2022 was $101,500. 2. Depreciation expense was $32,500. 3. Cash dividends of $44,100 were declared and paid. 4. Bonds payable with a carrying value of $51,500 were redeemed for $51,500 cash. 5. Common stock was issued at par for $42,500 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 - slgn es) 15,000, or in parenthesis eg. (15,000N) BRAMBLE Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities $ Adjustments to reconcile net income to $ Decrease in Inventory
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