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(6) Issued 1,100 shares of Common Stock for $15 per share. REQUIRED: Show all work especially on (2) to recelve any credit for the Direct
(6) Issued 1,100 shares of Common Stock for $15 per share. REQUIRED: Show all work especially on (2) to recelve any credit for the Direct Method (1) Prepare a Complete Statement of Cash Flows using the Indirect Method. (2) Prepare ONLY the Operating Activities of the Statement of Cash Flows using the Direct Method. ADDITIONAL INFORMATION ON YEAR 2023 TRANSACTIONS: (1) Sold equipment for $13,425. (2) Purchased equipment costing $36,000 paying $10,000 cash and signing a long-term Note Payable for $26,000. (3) Paid $15,300 to reduce the long-term Notes Payable (4) Borrowed $2,000 by signing a short-term Notes Payable (5) Declared and Paid Cash Dividends of $28,205 (6) Issued 1,100 shares of Common Stock for $15 per share. You can drag and drop files here to add them. HANNAH BARBERRA COMPANY COMPARATIVE BALANCE SHEET DECEMBER 31, 2023 \& 2022 20232022 ASSETS: Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accumulated Depreciation TOTAL ASSETS $42,07328,000132,0005,570110,50055,375$262,768$47,07530,735123,5505,800100,00047,500$259,660 LIABILITIES \& STOCKHOLDERS' EQUITY: Accounts Payable Short-term Notes Payable Long-term Notes Payable Common Stock, \$5 Par Paid-In-Capital Excess Par Retained Earnings TOTAL LIABILITIES \& STOCKHOLDERS' EQUITY $17,5888,00051,250105,50011,00073,930$262,768$47,0006,00038,750100,000067,910$259,660
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