The following information is available for Oriole Company for the year ended December 31, 2022.

Beginning cash balance $ 31,200

Accounts payable increase 7,410

Depreciation expense 53,300

Accounts receivable decrease 6,240

Inventory decrease 4,030

Net income 74,360

Cash received for sale of land at book value 135,200

Cash dividends paid 49,400

Income taxes payable decrease 5,070

Cash used to purchase land 105,300

Cash used to redeem bonds 85,800

Cash received from issuing stock 208,000

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).)

Oriole Company
Statement of Cash Flows—Indirect Method
choose the accounting period                                                          December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022

select an opening name for section one                                                          Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

select an item                                                          Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land

$enter a dollar amount

Adjustments to reconcile net income to

select an opening name for a subsection                                                          Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

select an item                                                          Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land

$enter a dollar amount

select an item                                                          Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land

enter a dollar amount

select an item                                                          Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land

enter a dollar amount

select an item                                                          Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land

enter a dollar amount

enter a total amount for this subsection

select a closing name for section one

enter a total amount for section one

select an opening name for section two

select an item

enter a dollar amount

select an item

enter a dollar amount

select a closing name for section two

enter a total amount for section two

select an opening name for section three

select an item

enter a dollar amount

select an item

enter a dollar amount

select an item

enter a dollar amount

select a closing name for section three

enter a total amount for section three

select an item

enter a total amount for three sections

select an item

enter a dollar amount

$enter a total of the two previous amounts

Question

The following information is available for Oriole Company for the year ended December 31, 2022.

Beginning cash balance		$ 31,200
Accounts payable increase		7,410
Depreciation expense		53,300
Accounts receivable decrease		6,240
Inventory decrease		4,030
Net income		74,360
Cash received for sale of land at book value		135,200
Cash dividends paid		49,400
Income taxes payable decrease		5,070
Cash used to purchase land		105,300
Cash used to redeem bonds		85,800
Cash received from issuing stock		208,000

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).)

Oriole Company Statement of Cash Flows—Indirect Method choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022
select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land		$enter a dollar amount
Adjustments to reconcile net income to
select an opening name for a subsection Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	$enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land	enter a dollar amount

		enter a total amount for this subsection
select a closing name for section one		enter a total amount for section one

select an opening name for section two
select an item	enter a dollar amount
select an item	enter a dollar amount
select a closing name for section two		enter a total amount for section two

select an opening name for section three
select an item	enter a dollar amount
select an item	enter a dollar amount
select an item	enter a dollar amount
select a closing name for section three		enter a total amount for section three

select an item		enter a total amount for three sections
select an item		enter a dollar amount
		$enter a total of the two previous amounts

Accepted Answer

The statement of cash flow is a financial statement that shows the cash and cash equivalents of a…