Business, 19.03.2020 03:08 shay9152

The comparative balance sheets for Splish Brothers Company appear below: SPLISH BROTHERS COMPANY Comparative Balance Sheet Assets Dec. 31, 2022 Dec. 31, 2021 Cash $46,700 $13,000 Accounts receivable 17,000 14,000 Inventory 37,000 19,600 Prepaid insurance 8,500 10,000 Stock investments -0- 15,500 Equipment 60,000 30,000 Accumulated depreciation-equipment (15,100 ) (12,500 ) Total assets $154,100 $89,600 Liabilities and Stockholder's Equity Accounts payable $34,500 $8,300 Bonds payable 35,200 45,500 Common stock 35,500 20,900 Retained earnings 48,900 14,900 Total liabilities and stockholder's equity $154,100 $89,600 Additional information: 1. Net income for the year ending December 31, 2022, was $44,000. 2. Cash dividends of $11,700 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $17,200 were sold for $12,400. 4. Sales for 2022 are $130,000. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

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The comparative balance sheets for Splish Brothers Company appear below: SPLISH BROTHERS COMPANY Com...