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5) The following information is available for Best Corporation for the Dee Collection of principal on long-term loan to a supplier Acquisition of equipment for

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5) The following information is available for Best Corporation for the Dee Collection of principal on long-term loan to a supplier Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value Issuance of common stock for cash 20.000 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 34 000 Payment of cash dividends 6 000 Net income 30 000 Purchase of land by issuing bonds payable 40.000 In addition, the following information is available from the comparative balance sheet for Best Compte end of 272 and 2021 2022 Cash 5148 000 591000 Accounts receivable (net) 25.000 15,000 Prepaid insurance 19.000 13 000 Total current assets 5192 000 $119.000 Accounts payable Salaries and wages payable Total current liabilities S 30.000 6.000 $_36.000 $19.000 7 000 $26.000 Instructions Prepare Best Corp. statement of cash flows for the year ended December 31, 2022, using the indirect method. Show your answer here

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