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1. Humbolt Hardware Company's October 31, 2023 year-end presented the following information: 2023 2022 Cash Accounts receivable Merchandise inventory Long-term investments Equipment Accumulated depreciation,
1. Humbolt Hardware Company's October 31, 2023 year-end presented the following information: 2023 2022 Cash Accounts receivable Merchandise inventory Long-term investments Equipment Accumulated depreciation, equipment ssssss $ 353,491 $ 54,131 $ 23,005 $ 22,755 136,350 $ 144,228 $ 117,300 $ 134,232 $ 317,659 $ 217,080 110,158 -$ 23,819 $ 837,647 $ 548,607 Accounts payable Income taxes payable Bonds payable led to no odgona SS 15,194 $ 11,322 24,182 $21,300 yobnogabal $ 58,500 $ 67,200 Common shares bns snitcara not 141,800 $117,800 Retained earnings 597,971 $ 330,985 $ 837,647 $ 548,607 lub Vibol zuboba beunindo njo Income Statement Sales (all on credit) 614,262 Cost of goods sold 143,863 Depreciation expense 111,154 Other operating expenses 44,580 Interest expense 10,898 Loss on sale of equipment $ 4,930 $ 315,425 Net income $ 298,837 Other relevant information: 1) New equipment was purchased for $140,049. 2) There was no gain or loss on the long-term investments sold or the bonds retired. 3) Paid dividends of during the year. 4) Old equipment with an original cost of $39,470 was sold for $9,725. 5) Additional shares were issued during the year. REQUIRED: Prepare a statement of cash flows in good form, for the year ended October 31, 2023 using the indirect method. (16 marks)
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