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Balance Sheets December 31, 20xx December 31, 20W Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation Net plant and equipment $54,500

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Balance Sheets December 31, 20xx December 31, 20W Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation Net plant and equipment $54,500 64,800 142,200 60,000 $17,400 52,200 149, 30e 87,000 206,eee 55,000 158,000 33,000 k 151,000 125,000 Total assets $472,500 $430,900 aces Liabilities and Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $27,000 118,000 170,000 157,500 37,000 158,888 130,000 105,980 $472,500 $430, 900 During 20XX, the following occurred: 1. Net income was $91.000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were paid. a. Prepare a statement of cash flows for the Walf Corporation. (Amounts to be deducted should be indicated with a minus sign. $ sign in your response.)

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