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A comparative balance for Shabbon Corporation is presented as follows. Additional Information: 1. Net income for 2025 was $125,000. No gains or losses were recorded
A comparative balance for Shabbon Corporation is presented as follows.
Additional Information: 1. Net income for 2025 was $125,000. No gains or losses were recorded in 2025. 2. Cash dividends of $60,000 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through insurance of common stock.r Sharon Corporation is presented as follows.
Prepare a statement of cash flows for 2025 for Shabbona Corporation. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Question 3 of 3 12.35/30 Decrease in Inventory Depreciation Expense Increase in Accounts Receivable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment Sale of Land 9,000 27,000 \begin{tabular}{|r|r} \hline 16,000 \\ \hline \end{tabular} Net Cash Used by Investing Activities (21,000) Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash 51,000 Cash at Beginning of Year Cash at End of Year $73,000 Noncash Investing and Financing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Year Cash at End of Year $73,000 Noncash Investing and Financing Activities Issued common stock to retire \$ of bonds outstandingStep by Step Solution
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