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CHECK FIGURE: Cash inflow from operating activities =$22,800 Burrow Mining lnc's comparative balance sheet information at December 31, 2023 and 2022, and its income statement
CHECK FIGURE: Cash inflow from operating activities =$22,800 Burrow Mining lnc's comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31,2023 , are as follows: During 2023, the following rransactions occurred: 1. Issued $14,000 of bonds payable at face value. 2. Sold the non-current investment on January 1, 2023, for $16,800. 3. Sold equipment for $3,920 cash that had originally cost $17,920 and had $11,760 of accumulated depreciation. 4. Purchased equipment for $11,200cash. Required a. How much was paid in dividends during 2023? b. Prepare a statement of cash flows for Burrow Mining Inc. for the year ended December 31, 2023, using the indirect mechod. Analysis Component: Accounts Receivable increased from $21,840 to $51,520 in 2023. What transactions caused this account to change? Accounts Payable decreased during 2023. What caused this account to change
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