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Additional information from the accounting records a. Investment revenue includes National intercable Company's 55 million share of the net income of Central Fiber Optics Corporation,

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Additional information from the accounting records a. Investment revenue includes National intercable Company's 55 million share of the net income of Central Fiber Optics Corporation, an equity method investee b. A long-term investment in bonds, originally purchased for 550 million, was sold for $56 million c. Pretax accounting income exceeded taxable income causing the deferred income tax liability to increase by $1 million d. A building that originally cost $80 million, and which was one fourth depreciated, was destroyed by fire. Some undamaged parts were sold for $6 million e. The right to use a building was acquired with a seven-year lease agreement present value of lease payments, $10 million Annual lease payments of $13 million are paid at Jon 1 of each year starting in 2018 1 $170 million of bonds were retired at maturity g. $30 million par value of common stock was sold for 540 million, and 560 million of preferred stock was sold at por h Shareholders were paid cash dividends of $35 million Required: 2. Prepare the statement of cash flows. Prosent cash flows from operating activities by the direct method. (Enter your answers in million (ie, 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign) NATIONAL INTERCADLE COMPANY Statement of Cash Flows For year ended December 31, 2018 is in millions) Cash inflows Cash outflows Cash inflows Cash outflows Noncash investing and financing activities

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