Condensed Fronolol dets of Bramble Corp. Followw..InventoryLong-term InvestmentsPlant assetsAccumulated depreciationTote!Lisbilities and Stockholders' EquityAccrued expenses payableBonds payablCommon stockRetained serningsSales revenusBramble Corp.Comparative Balance SheetsDecember 31TotalLISA112Net IncomeIncome tax expenseInterest expenseCost of goods soldOperating expenses, excluding depreciationDepreciation expenseLoss on disposal of plant casatsAdditional Information:20:22257.100$718,100Bramble Corp.Income StatementFor the Year Ended December 31, 2022548.900102.5002021$51140027.5007.500$392 300$178,200New plant assats costing $79,800 were purchased for cash during the year.Old plant essets having an original cost of $45,500 and accumulated depreciation of $35,000 ware sold for $3,000 ceah.Bonds payable matured and were paid off at face value for cash.A cash dividend of 523.600 was declared and paid during the year.Further analysis reveals that accounts payable pertain to marchan as creditors.Prepare a statement of cash flows for Bramble Corp using the direct method. [Show amounts that decrease cash flow with either a samex-15,000 or in parenthesis a. (15,0001)

Cash flows statement is one of the financial statement which shows all cash inflows and cash…

Assets Cash Accounts receivable Inventory Prepaid expenses Long-term Investments Plant assets Bramble Corp. Comparative Balance Sheets December 31 Accumulated depreciation Total 2022 $114,700 92,400 111,400 29,400 275,600 $718,100 2021 $48,900 33,100 101,200 25,500 (52600 )

Assets Cash Accounts receivable Inventory Prepaid expenses Long-term Investments Plant assets Bramble Corp. Comparative Balance Sheets December 31 Accumulated depreciation Total 2022 $114,700 92,400 111,400 29,400 275,600 $718,100 2021 $48,900 33,100 101,200 25,500 (52600 )

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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