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Additional information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,200. No buildings and equipment were sold during the year.
Additional information: Net income totaled \$5,800. Dividends were declared and paid. Equipment was purchased for $8,200. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $58 per share. The ending cash balance was $4,500. Required: Using visual inspection, prepare a 2019 statement of cash flows for Gordon. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. reeadack Check My Work Under the visual inspection method, you review the company's financial statements and prepare its statement of cash flows without using a spreadsheet. This method may be used when a company's financial statements are simple
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