The following information is available for Splish Brothers Inc. for the year ended December 31, 2022.
Beginning cash balance $34,800
Accounts payable increase 8,265
Depreciation expense 59,450
Accounts receivable decrease 6,960
Inventory decrease 4,495
Net income 82,940
Cash received for sale of land at book value 150,800
Cash dividends paid 55,100
Income taxes payable decrease 5,655
Cash used to purchase land 117,450
Cash used to redeem bonds 95,700
Cash received from issuing stock 232,000
Required:
Prepare a statement of cash flows using the indirect method.
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