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1. The balance sheet of Barrier Corporation as of December 31 , Year 2, and Year 1, and its state Additional information - Capital stock

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1. The balance sheet of Barrier Corporation as of December 31 , Year 2, and Year 1, and its state Additional information - Capital stock is issued to provide additional cash - All accounts receivables and payables relate to operations - Accounts payable relate only to the items included in the cost of sales - There are no non-cash transactions. Required Determine the following amounts: a) Cash collected from sales during Year 2 b) Cash payments on accounts payable during Year 2 c) Cash receipts during year 2 not provided by operations d) Cash payments for non-current assets purchased during Year 2. e) Prepare a statement of cash flow (indirect method) for Barrier corporation

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