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can you help me with this problem Required information [The following information applies to the questions disployed below] Hanks Compariy is developing its annual financial
can you help me with this problem
Required information [The following information applies to the questions disployed below] Hanks Compariy is developing its annual financial statements at December 31 , cutrent yeat The statements are complete excopt for the statement of cash flows. The completed comporative balance sheets and income statement are summarized as follows Auditionol data a. Elought fired assets for cash, 59000 b. Paid 55.900 on the long terin note poyable c. Sold uniswed common siock for 514.600cosh d. Declaced and paid a $2,100 cash dividend e tncuried the following expenset depreciaton. 56 too, woges. $12109. tawes, $2100, and other. $10700 2. Prepore the stoternect of cash flows (tist cash outflows as negative amounts.) e. Incurred the following expenses: depreciation, $6,100, wages, $12,100, taxes, $2,100, and other, $10,700 2. Prepare the statement of cash Hows. (tist cash outflows as negative amounts.) Step by Step Solution
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