The net changes in the statement of financial position accounts of Solar Services, Inc. for the year 2016 are shown below: Account Debit Credit Cash $ 125,600 Accounts receivable 64,000 Allowance for doubtful 14,000 accounts Inventory 217,200 Prepaid expenses 30,000 Long-term investments Land 144,000 300,000 Buildings 600,000 Machinery Office equipment Accumulated depreciation: 100,000 28,000 Buildings 24,000 Machinery Office equipment Accounts payable 20,000 12,000 183,200 Accrued liabilities 72,000 Dividends payable Bonds payable Share capital-Preference ($50 128,000 832,000 60,000 par) Share capital-ordinary ($10 par) Share premium-ordinary Retained earning 379,200 223,200 77,200 Additional information: 1. Net income for 2016 $150,000 2. Cash dividends of $128,000 were declared December 15, 2016, payable January 15, 2017. A 5% share dividend was issued March 31, 2016, when the fair value was $22.00 per share. 3. The long-term investments were sold for $140,000. 4. A building and land which cost $480,000 and had a book value of $300,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000. 5. The company exchanged an old machine which has a cost of $60,000 and an accumulated depreciation of $40,000 with a new machine with a fair value of $160,000. The company paid $140,000 cash in relation to the exchange. 6. A fully depreciated printing machine which cost $28,000 was written off. 7. Preference shares of $60,000 par value were called for $80,000. 8. The company sold 12,000 shares of its ordinary share (no par) during 2016 for $25 a share. There were 87,600 shares outstanding on December 31, 2016. 9. Bonds were sold at 104 on December 31, 2016. 10. Land was sold for $108,000. It had a book value of $240,000 Required: For Solar Services Inc.: Prepare the Cash Flow Statement for 2016 in the correct format using the indirect method

The current sections of Crane Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Crane’s net income for 2022 was $154,700. Depreciation expense was $26,300.     2022   2021 Current assets            Cash   $102,700   $97,700    Accounts receivable   79,400   90,000    Inventory   168,200   173,000    Prepaid expenses   26,900   22,900       Total current assets   $377,200   $383,600 Current liabilities            Accrued expenses payable   $15,000   $9,300    Accounts payable   84,000   95,600       Total current liabilities   $99,000   $104,900 Prepare the operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method

Net income?

The following financial information is for Cullumber Company. CULLUMBER COMPANYBalance SheetsDecember 31 Assets   2022   2021 Cash   $ 69,000   $ 69,000 Debt investments (short-term)   53,000   41,000 Accounts receivable (net)   103,000   92,000 Inventory   239,000   164,000 Prepaid expenses   25,000   29,000 Land   132,000   132,000 Building and equipment (net)   263,000   188,000 Total assets   $884,000   $715,000 Liabilities and Stockholders’ Equity         Notes payable (current)   $170,000   $101,000 Accounts payable   66,000   54,000 Accrued liabilities   42,000   42,000 Bonds payable, due 2025   251,000   170,000 Common stock, $10 par   205,000   205,000 Retained earnings   150,000   143,000 Total liabilities and stockholders’ equity   $884,000   $715,000   CULLUMBER COMPANYIncome StatementsFor the Years Ended December 31     2022…