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1. 1. Prepare the 2019 Statement of Cash Flows for the 2313 Company via the Indirect Method, using the following statements: 2313 Company 2018 and
1. 1. Prepare the 2019 Statement of Cash Flows for the 2313 Company via the Indirect Method, using the following statements: 2313 Company 2018 and 2019 Balance Sheets (5 in thousands) As of December 314 2018 2019 Assets Current Assets 215 34 Accounts Receivable 358 3d Inventory S12 580 Total Current Assets 1,085 994 Fixed Assets Gross Plant and Equipment 8.260 8.500 (1.965 > (2.625 1 Less: Ace. Depreciation Net Fixed Assets 5.875 Total Assets 7.380 6,869 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 298 190 Notes Payable 1.427 1,207 Total Current Liabilities 1,725 1,397 Long term Debt 2.308 2,008 Stockholders' Equity Common Stock 1,000 1,000 Retained Barnings 2.147 2.464 Total Stockholders' Equity 3.347 3,464 Total L. and SE 7.380 6,869 2313 Company 2019 Income Statement (S in thousands) Sales 4,864 Cost of goods sold 3,336 Depreciation 660 Famings before Interest and Taxes 868 Interest Paid 602 Taxable income 266 Taxes 90 Net Income 176 Dividends 59 Addition to Retained Earnings 117
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