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Cash Accounts Receivable Inventory Long-Term Investments Machinery Accumulated Depreciation TOTAL ASSETS LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable Income Tax Payable Notes Payable - Long-term Common
Cash Accounts Receivable Inventory Long-Term Investments Machinery Accumulated Depreciation TOTAL ASSETS LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable Income Tax Payable Notes Payable - Long-term Common Stock Paid-In-Capital Retained Earnings TOTAL LIAB & S/E Additional information: (1) Cash dividends of $30,240 were paid. (2) New machinery was purchased for $61,120 cash. $22,176 28,962 65,813 50,310 157,950 -30,195 $295,016 $58,500 9,653 43,875 105,300 11,700 65,988 $295,016 $20,736 26,460 55,539 50,760 130,950 -28,080 $256,365 $36,342 9,180 59,400 86,400 8,100 56,943 $256,365 (3) Old machine was sold at a loss of $7560. (4) There was no gain or loss on the sales of the long-term investments, nor on the note paid. (5) Additional shares of stock were issued for cash. REQUIRED: (1) Prepare a complete Statement of Cash Flows for Year Ended 2024 using the Indirect Method (2) Prepare ONLY the Operating Activities of the Statement of Cash Flows for Year Ended 2024 using the Direct method
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