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Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 55,000 44,000 20,000 27,000 $

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Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 55,000 44,000 20,000 27,000 $ 27,000 Net income 2,000 5,800 17,000 Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash

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