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1. Below is the financial statements for the Sen Corporation. In addition. the president of the corporation has provided you with the following information: 1.

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1. Below is the financial statements for the Sen Corporation. In addition. the president of the corporation has provided you with the following information: 1. A 20% stock dividend was declared during the year resulting in the capitalization of $25,000 of retained earnings. 2. Machinery that cost $3,750 (with current accumulated depreciation of $750 ) was sold for $2,200. 3. Investments that cost $20.000 were sold during the year for $23,750. Assume the cost and current book value are the same for this investment. Prepare the Statement of Cash Flows for the year ending December 31, 2011 using the direct method for operations. Be sure to include the supplemental disclosure reconciling Net Income to cash flow from operations

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