Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its...
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Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31, 2023, are as follows: 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31,2023 , using the indirect method. (List any deduction in cash and cash outflows as negative amounts.) During 2023 , the following transactions occurred: 1. Purchased equipment for \\( \\$ 20,600 \\) cash. 2. Sold the investment on January 1,2023 , for \\( \\$ 42,800 \\), resulting in investment income of \\( \\$ 18,520 \\). 3. Sold equipment for \\( \\$ 7,420 \\) cash that had originally cost \\( \\$ 39,120 \\) and had \\( \\$ 20,150 \\) of accumulated depreciation. 4. Issued \\( \\$ 20,000 \\) of bonds payable at face value. Required: 1. How much cash was paid in dividends
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Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31, 2023, are as follows: 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31,2023 , using the indirect method. (List any deduction in cash and cash outflows as negative amounts.) During 2023 , the following transactions occurred: 1. Purchased equipment for \\( \\$ 20,600 \\) cash. 2. Sold the investment on January 1,2023 , for \\( \\$ 42,800 \\), resulting in investment income of \\( \\$ 18,520 \\). 3. Sold equipment for \\( \\$ 7,420 \\) cash that had originally cost \\( \\$ 39,120 \\) and had \\( \\$ 20,150 \\) of accumulated depreciation. 4. Issued \\( \\$ 20,000 \\) of bonds payable at face value. Required: 1. How much cash was paid in dividends 