Please do not give image format The following is a condensed version of the comparative statements of financial position for Riverbed Ltd. for the last 2 years atDecember 31 (amounts in millions).InvestmentsEquipmentLess: Accumulated depreciation-equipmentAccounts receivableCashShare capital-ordinaryRetained earningsCurrent liabilitiesAdditional information:2022#60,320345,680(122,960 )208,800182,120185,600332,920155,4402021#85,840278,400(103,240 )214,60090,480185,600205,320175,160Investments were sold at a loss of #8,120; no equipment was sold; cash dividends paid were #58,000; and net income was#185,600. Prepare a statement of cash flows for 2022 for Riverbed Ltd. (Show amounts that decrease cash flows with either a-sign e.g. -15,000or in parenthesis e.g. (15,000).)Cash Flows from Operating ActivitiesNet IncomeAdjustments to reconcile net income toNet Cash Provided by Operating ActivitiesDepreciation ExpenseDecrease in Accounts Receivable ✓Loss on Sale of InvestmentsRIVERBED LTDStatement of Cash FlowsFor the Year Ended December 31, 2022Decrease in Current LiabilitiesNet Cash Provided by Operating ActivitiesCash Flows from Investing ActivitiesPurchase of EquipmentSale of InvestmentsNet Cash Provided by Investing ActivitiesCash Flows from Financing ActivitiesPayment of Cash Dividends52#SEP261972058008120-19720#185600199520

The cash flow statement is a financial statement which is used to show the inflow and outflow of…

Answered: Prepare a statement of cash flows for…

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Accounting

Prepare a statement of cash flows for 2022 for Riverbed Ltd. (Show amo

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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