Pina Colada Corp.'s comparative balance sheets are presented below.CashAccounts receivableLandBuildingsAccumulated depreciation-buildingsTotalAccounts payableCommon stockRetained earningsTotalPina Colada Corp.Comparative Balance SheetsDecember 31Additional information:1.2.3.2022Free cash flow$ 14,20021,50019,60070,100(15,400)$110,000$ 11,90075,9002021$ 11,00023,50025,80070,100(10,500)$119,900$30,70070,60022,200$110,000 $119,90018,600Net income was $22,500. Dividends declared and paid were $18,900.No noncash investing and financing activities occurred during 2022.The land was sold for cash of $4,900.Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The cash flow from operating activities include the cash flow from day to day regular activities of…

Pina Colada Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Pina Colada Corp. Comparative Balance Sheets December 31 Additional information: 1. 2. 3. 2022 Free cash flow $ $14,200 21,500 19,600 70,100 (15,400) $110,000 $ 11,900 75,900 22,200 $110,000 2021 $11,000 23,500 25,800 70,100 (10,500) $119,900 $30,700 70,600 18,600 $119,900 Net income was $22,500. Dividends declared and paid were $18,900. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,900. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Pina Colada Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Pina Colada Corp. Comparative Balance Sheets December 31 Additional information: 1. 2. 3. 2022 Free cash flow $ $14,200 21,500 19,600 70,100 (15,400) $110,000 $ 11,900 75,900 22,200 $110,000 2021 $11,000 23,500 25,800 70,100 (10,500) $119,900 $30,700 70,600 18,600 $119,900 Net income was $22,500. Dividends declared and paid were $18,900. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,900. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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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Prepare the statement of cash glows using the indirect method. Please show all work Please don't provide answer in image format thank you