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Comparative Balance Sheet-Spike Net Income for the period was $100 The company sold equipment for $25 that was originally purchased for S30. . 12/31/2015 12/31/2016
Comparative Balance Sheet-Spike Net Income for the period was $100 The company sold equipment for $25 that was originally purchased for S30. . 12/31/2015 12/31/2016 e 47 Accounts Receivable 40 e sold asset had accumulated depreciation of S30 500 PP&E Accum Depr Total Assets 587 e company paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock $303 347 Liabilities &Equity Accounts Payable Accrued Liabilities Income Tax Payable Bonds Payable Common Stock Retained Earnings Total Liabilities&Equity 26 20 40 $160$120 62 $303 347 Required Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts)
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