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Presented here are the financial statements Bramble Company Income Statement For the Year Ended...

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Accounting

Presented here are the financial statements Bramble Company
Income Statement
For the Year Ended December 31,2022 Net income
Additional data:
Depreciation expense was $17,000.
Dividends declared and paid were $21,740.
During the year equipment was sold for $6,600 cash. This equipment cost $17,700 originally and had accumulated depreciation of $11,100 at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash. Prepare a statement of cash flows 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).)
Bramble Company
Statement of Cash Flows - Indirect Method
For the Year Ended December 31,2022
Cash Flows from Operating Activities
Net Income
Adjustments to reconcile net income to
Net Cash Provided by Operating Activities
Depreciation Expense
$
Increase in Accounts Receivable
longrightarrowNet Cash Provided by Investing Activities
Cash Flows from Financing Activities
Issuance of Common Stock of Bramble Company.
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