Extracted text: Cheyenne Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 104,100 djustments to reconcile net income to Net Cash Provided by Operating Activities + Depreciation Expense $ Decrease in Accounts Receivable + Net Cash Provided by Operating Activities + Cash Flows from Investing Activities
Extracted text: The following are comparative balance sheets for Cheyenne Company. Cheyenne Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 73,200 $ 32,700 Accounts receivable 85,600 70,500 Inventory 169,800 186,600 Land 74,000 100,600 Equipment 260,500 200,100 Accumulated depreciation-equipment (65,800 ) (33,700 ) Total $597,300 $556,800 Liabilities and Stockholders' Equity Accounts payable $ 35,400 $ 47,300 Bonds payable 151,400 203,000 Common stock ($1 par) 217,500 173,200 Retained earnings 193,000 133,300 Total $597,300 $556,800 Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense was $32,100. 3. Cash dividends of $44,400 were declared and paid. 4. Bonds payable amounting to $51,600 were redeemed for cash $51,600. 5. Common stock was issued for $44,300 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 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).)