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A comparative balance sheet for Blue Corporation is presented as follows. Additional information: 1. Net income for 2025 was $129,440. No gains or losses were
A comparative balance sheet for Blue Corporation is presented as follows. Additional information: 1. Net income for 2025 was $129,440. No gains or losses were recorded in 2025 . 2. Cash dividends of $64,950 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Blue Corporation Statement of Cash Flows $ Adjustments to reconcile net income to $ Issued common stock to retire \$ of bonds outstanding
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