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Additional dota obtained from the inchene statecsent and from an exartinution of the occounts in the ledger for zors are os folbms: a. Net incame,
Additional dota obtained from the inchene statecsent and from an exartinution of the occounts in the ledger for zors are os folbms: a. Net incame, $143,260. b. Depreciation reported on the income satement, 546,900 , c. Eqvipment was purchased at a cost of $91,170, and Nuly depreciated equipmint couting 125,200 was discarded, with no salvage realued d. The mortgoge note payable nas not due for six yosh, but the termv permated earter porment wathout penaity e. 8,000 shares of common stock were ksued at 120 for cash. 1. Cain dividends declared and paid, 387,300 . Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc, at December 31, 20Y8 and 20Y7, is as follows: Prepart a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. - Adjustments to reconcle net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash now from operating activities Cash flows from (used for) investing activities: Net cash fow used for investing actuvides Cosh fows from (used for) financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the year
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