Additional information:
1.
Net income for the year ending December 31, 2022 was $45,000.
2.
Cash dividends of $25,000 were declared and paid during the year.
3.
Long-term investments that had a cost of $37,000 were sold for $24,000.
4.
Sales for 2022 were $130,000.
5.
No equipment was sold during the year.
Prepare a statement of cash flows for the year ended December 31, 2022 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).)
Adjustments to reconcile net income to
CARLA VISTA COMPANY
Statement of Cash Flows
$
SUPPORT