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Vaughn Corporation issued the following statement of cash flows for 2022. VAUGHN CORPORATION ...

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Accounting

Vaughn Corporation issued the following statement of cash flows for 2022.
VAUGHN CORPORATION
Statement of Cash Flows-Indirect Method
For the Year Ended December 31,2022
Cash flows from operating activities
Net income
$55,300
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation expense
Decrease in accounts receivable
Increase in inventory
Decrease in accounts payable
Loss on disposal of plant assets
Net cash provided by operating activities
Cash flows from investing activities
Sale of investments
Purchase of equipment
$10,000
8,500
(4,800)
(2,300)
3,100
14,50069,800
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