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06. The comparative statements of financial position for Corpus Inc. as of March 31, 2019 and 2020, and the statement of earnings for the year

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06. The comparative statements of financial position for Corpus Inc. as of March 31, 2019 and 2020, and the statement of earnings for the year ended March 31, 2000 e presented below Corpus Inc. Statement of Financial Position a at March 31 2020 Assets Cash $10,000 $14.000 Accounts receivable 68.000 Inventory 54.000 43.000 Prepaid expenses 4.000 6.000 Land 52.000 Property, plant and equipment, net 174,000 152.000 Intangible assets 16.000 20.000 $378.000 $347.000 Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued abilities Long term notes payable Contributed capital Retained earnings $14,000 $32,000 5.000 2.000 12.000 4.000 104.000 100.000 98.000 80,000 145.000 9.000 $378.000 $347.000 Corpus Inc. Statement of Earings for the year ended March 31, 2020 $77,000 SEX.000 4.000 Cost of goods sold Amortization expense intangible assets Depreciation expense property, plant and equipment Operating expenses Interest expense Earrings before tax Income tax expense Net earning 17.000 195,000 3,000 $61.000 110,000 52.000 566.000 Additional information: 1. Land was sold for its carrying value for cash 2 Cash dividends were declared and paid in 2020 New equipment was purchased for cash at a cost of S61,000 and old equipment was sold its carrying amount 4. No shares were repurchased during the year. Required: 1. Prepare a statement of cash flow for Corpus Inc. for the year ended March 31. 2000. Use the indirect method to report cash flows from operating activities 2. What additional information does a statement of cash flows provide to the user that is not available on any of the other statement

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