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89,000 2,800 74,600 1,400 450,000 744,000 (412,000) $1,100, 700 450,000 640,000 (256,000) $1,165,800 Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities
89,000 2,800 74,600 1,400 450,000 744,000 (412,000) $1,100, 700 450,000 640,000 (256,000) $1,165,800 Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ S 93,000 6,900 6, 800 79,600 13,800 4.400 115.000 230,000 670,000 209,900 $1,100, 700 670,000 168,000 $1.165,800 Additional Information for 2021: 1. Net income is $63,000 2. The company purchases $104,000 in equipment. 3. Depreciation expense is $156,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $22,000, Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
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