OrangeParty had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value of 20,050$. It purchased equipment worth 50,500$ by issuing a note payable of 20,800$ and by paying the balance cash. It declared dividends of 5,400$, of which 2,300$ were paid in 2021 and the balance will be paid in 2022. The company made a payment of 355,000$ on long-term debt. The beginning cash balance is 150,000$. Create the statement of Cash Flows for the year ended on Dec 31st, 2021. OrangeParty had the following changes in 2021. AR Decrease $33,000 Prepaid Expense Decrease $44,000 Inventory Increase $13,000 Depreciation expense $88,000 A) Create the statement of cash flow
OrangeParty had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value of 20,050$. It purchased equipment worth 50,500$ by issuing a note payable of 20,800$ and by paying the balance cash. It declared dividends of 5,400$, of which 2,300$ were paid in 2021 and the balance will be paid in 2022. The company made a payment of 355,000$ on long-term debt. The beginning cash balance is 150,000$. Create the statement of
Prepaid Expense Decrease $44,000
Inventory Increase $13,000
Depreciation expense $88,000
A) Create the statement of cash flow for OrangeParty for the year ending Dec 31st, 2021.
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