Business, 06.05.2021 18:30 aaron2113

Additional Information for 2022: Land of $660,000 was obtained by issuing a note payable to the seller. Buildings of $848,000 and equipment of $30,480 were purchased using cash. Monthly payments during the year reduced notes payable by $8,074. Issued common stock for $1,160,000. Purchased 11,600 shares of treasury stock for $23 per share. Sold 5,600 shares of treasury stock at $24 per share. Declared and paid a cash dividend of $13,320. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method.

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Additional Information for 2022: Land of $660,000 was obtained by issuing a note payable to the sell...