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As the accountant for Awesome Foods Incorporated, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the

As the accountant for Awesome Foods Incorporated, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the indirect method and have gathered the following data from the accounting records:

Principal payments on non-current debt$ 50,000

Collections on accounts receivable287,500

Increase in accounts payable25,300

Acquisition of equipment by issuing non-current note payable70,000

Depreciation expense71,500

Collection of loan principal58,000

Proceeds from sale of investments, not including $5,100 gain49,100

Increase in accounts receivable7,200

Cash payments to purchase capital assets62,000

Decrease in accrued liabilities30,600

Payment of cash dividends43,500

Income tax expense and payments39,300

Proceeds from sale of capital assets, not including $7,400 loss22,600

Net income143,100

Cash sales217,400

Proceeds from issuance of common shares300,000

Increase in inventory41,700

Loan to another company50,000

Bonds payable converted into common shares130,000

Payments to suppliers283,100

Decrease in prepaid expenses12,800

Cash balance: December 31, 201662,500

Cash balance: December 31, 2017462,200

Prepare the cash flow statement for the year ended December 31, 2017, using the indirect method.

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