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Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old equipment with

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Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old equipment with an original cost of $37,550 was sold for $2,100 cash, (3) New equipment was purchased for $67.550 cash. (4) Cash dividends of $33,600 were paid. (5) Additional shares of stock were issued for cash. Prepare a complete statement of cash flows for Year 2. Income Statement For Year Ended December 31, Year 2 Sales $240,000 Cost of goods sold $80.900 Depreciation expense 29,400 Other operating expenses 48,000 Interest expense 2.000 (160,300) Other gains (losses): Loss on sale of equipment (8.400) Income before taxes 71,300 Income taxes expense 27.650 Net income $43,650 Additional information: Aanan Corpuration At Oecimitre is verez Yriv 1 Amrte con Necuures menililis 1. 124.40 52000 saxas Morethandise imventery 12 41.710 Leceteris infininint: 350 + taicimint lin cos500 Acomaled dencriatien cosso atso6i sitrm Notw aists . 14100 14300 Arowatis parplie insos Geame taken parabis inat) inise Dat sabilien Irivoo nexe 1300 + ingin arm

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