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Additional data obtained from an examination of the accounts in the ledger for 20 Y9 are as follows: a. Equipment and land were acquired for

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Additional data obtained from an examination of the accounts in the ledger for 20 Y9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $83,150 cash. d. The common stock was issued for cash. e. There was a $65,360 credit to Retained Earnings for net income. f. There was a $37,110 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Assets Liabilities and Stockholders' Equity unts payable $165,62016,4709,150$155,56020,5307,110 mon stock, $10 par 49,41038,690 ss of paid-in capital over par ined earnings liabilities and stockholders' equity \begin{tabular}{rrr} 185,750 & & 107,400 \\ 488,630 & & 460,380 \\ \cline { 1 - 1 } \cline { 3 - 4 } \cline { 3 - 4 } \cline { 3 - 4 } & & $789,670 \\ \hline \end{tabular} Additional data obtained from an examination of the accounts in the ledger for 20 Y9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $83,150 cash. d. The common stock was issued for cash. e. There was a $65,360 credit to Retained Earnings for net income. f. There was a $37,110 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Assets Liabilities and Stockholders' Equity unts payable $165,62016,4709,150$155,56020,5307,110 mon stock, $10 par 49,41038,690 ss of paid-in capital over par ined earnings liabilities and stockholders' equity \begin{tabular}{rrr} 185,750 & & 107,400 \\ 488,630 & & 460,380 \\ \cline { 1 - 1 } \cline { 3 - 4 } \cline { 3 - 4 } \cline { 3 - 4 } & & $789,670 \\ \hline \end{tabular}

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