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A company had cash sales of $10000 and no expenses. In addition, it sold old equipment with a $900 basis for $230. Ignore taxes 1.

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A company had cash sales of $10000 and no expenses. In addition, it sold old equipment with a $900 basis for $230. Ignore taxes 1. Prepare an income statement (revenues, gain on sale of equipment, net income) 2. Prepare a direct statement of cash flows (operating and investing activities only) 3. Prepare an indirect statement of cash flows (operating and investing activities only)

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