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ADDITIONAL NOTES: I. On January 1, 2022, AllDone Corp issued 10-year bonds with a face value of $43,500. The annual stated interest rate is 6%
ADDITIONAL NOTES: I. On January 1, 2022, AllDone Corp issued 10-year bonds with a face value of $43,500. The annual stated interest rate is 6% and is paid annually. II. On March 1, 2022 AllDone Corp issued 500 shares of common stock for $42 per share for cash. The par value of the stock is $3. III. On March 17, 2022, AllDone Corp purchased land for $79,500 with cash. IV. On October 21, 2022 AllDone Corp sold and equipment that has a book value of $11,000 and an original cost of $29,000 for $3,000 in cash. V. On December 2, 2022, AllDone Corp repurchased 500 shares of its own common stock at $105 per share with cash. VI. On December 15,2022 , long-term investments originally purchased for $24,000 were sold for $46,500 for cash. On that same day, additional long-term investments were purchased for $42,000 with cash. VII. On December 31,2022 , cash dividends of $7,500 was declared but not yet paid. Use the information above to prepare AllDone Corp's statement of cash flows using BOTH the indirect and direct methods. AllDone Corp needs your help to create its statement of cash flows for the year ending 2022. Use the following information to prepare the statement of cash flows using BOTH the indirect and direct methods. ADDITIONAL NOTES: I. On January 1, 2022, AllDone Corp issued 10-year bonds with a face value of $43,500. The annual stated interest rate is 6% and is paid annually. II. On March 1, 2022 AllDone Corp issued 500 shares of common stock for $42 per share for cash. The par value of the stock is $3. III. On March 17, 2022, AllDone Corp purchased land for $79,500 with cash. IV. On October 21, 2022 AllDone Corp sold and equipment that has a book value of $11,000 and an original cost of $29,000 for $3,000 in cash. V. On December 2, 2022, AllDone Corp repurchased 500 shares of its own common stock at $105 per share with cash. VI. On December 15,2022 , long-term investments originally purchased for $24,000 were sold for $46,500 for cash. On that same day, additional long-term investments were purchased for $42,000 with cash. VII. On December 31,2022 , cash dividends of $7,500 was declared but not yet paid. Use the information above to prepare AllDone Corp's statement of cash flows using BOTH the indirect and direct methods. AllDone Corp needs your help to create its statement of cash flows for the year ending 2022. Use the following information to prepare the statement of cash flows using BOTH the indirect and direct methods
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