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Additional information pertaining to 2021: 1. Net income was ( $ 88,700 ). 2. Sales were ( $ 970,000 ). 3. Cost of goods sold

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Additional information pertaining to 2021: 1. Net income was \\( \\$ 88,700 \\). 2. Sales were \\( \\$ 970,000 \\). 3. Cost of goods sold was \\( \\$ 758,000 \\). 4. Operating expenses were \\( \\$ 44,000 \\), exclusive of depreciation expense. 5. Depreciation expense was \\( \\$ 42,000 \\). 6. Interest expense was \\( \\$ 14,000 \\). 7. Income tax expense was \\( \\$ 29,000 \\). 8. Long-term investments were sold at a gain of \\( \\$ 5,700 \\). 9. No equipment was sold during the year. 10. \\( \\$ 64,000 \\) of the bank loan was repaid during the year. 11. Common shares were issued for \\( \\$ 48,000 \\). Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either \\( a- \\) sign e.g. \\( -45,000 \\), or in

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