The comparative unclassified statement of financial...
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Accounting
The comparative unclassified statement of financial position for Sunland Ltd. follows: Additional information pertaining to 2024 : 1. Net income was $88,700. 2. Sates were $970,000. 3. Cost of goods sold was $758,000 4. Operating expenses were $44,000, exclusive of depreciation expense. 5. Depreciation expense was $42,000. 6. Interest expense was $14,000. 7. Income tax experise was $29.000. Long-term inwestments were sold at a gain of 55,700 , These investments are carried at their cost, so gains and losses on B. these investments are recorded only when the investments are sold. Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a-sign e.g. 45,000, or in parenthesis e.g. (45,000)
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