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ABC Co has requested you prepare their statement of cash flows using the indirect method for operating cash flows for 2018. They have provided the

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ABC Co has requested you prepare their statement of cash flows using the indirect method for operating cash flows for 2018. They have provided the following information: | 12/31/18 | 12/31/17 | Change Cash $30,000 $ 7,000 $23,000 Accounts Receivable | 18,000 16,000 L 2,000 Prepaid Insurance 6,000 7,000 (1,000) Salaries Payable 5,000 8,000 (3,000) ABSs net income for the period was $32,500. ABC paid dividends to shareholders of $5,000. ABC received payment on a note receivable for $3,000. ABC purchased a delivery truck for their business for $15,000. ABC issued bonds for $18,000. ABC's depreciation expense was $5,500. ABC purchased their own common stock for $4,000. ABC purchased XYZ's stock as an investment for $8,000. Company Name - ABC Statement of Cash Flows For the Year Ended - 12/31/2018 Cash Flows from Operations (Indirect) Net Cash Flow from Operations Cash Flows from Investing Activities: Net Cash Flow from Investing Cash Flows from Financing Activities: Net Cash Flow from Financing Net Change in Cash Beginning Cash Balance Ending Cash Balance

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