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calculate the cash flow from operating activites using the indirect method Lala land Company has the following financial information: Balance Sheets Dec. 31, 2020 Dec.
calculate the cash flow from operating activites using the indirect method
Lala land Company has the following financial information: Balance Sheets Dec. 31, 2020 Dec. 31, 2021 Cash 152,400 119.500 Accounts receivable 33.200 35,000 200.600 175,500 Inventory Prepaid Expenses 22.000 20,000 Long term Investments 300.000 420.000 250,000 205,000 98,600 105,000 Plant Property and Equipment (net) Accounts payable Short term notes payable Taxes payable 62,000 45.000 35,600 13.500 Long term liabilities 134.000 140,000 stockholders' Equity 628.000 671.500 Time left 0:13 Income statement $ 570.000 300,000 $ 270.000 Sales revenue Cost of goods sold Gross profit Depreciation Expense Other operating costs Loss on sale of plant assets Net Income for the year 13,000 186,500 2.000 $68,500 Required: Calculate the cash flow from operating activities, for the year ended December 31, 2021. using the Indirect method. (Note: write your answer as a number only, with No dollar signs or commas) Step by Step Solution
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