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Condensed financial data of Cheyenne Corp. follow. Cheyenne Corp. Income Statement For the Year Ended December 3 1 , 2 0 2 2 Less: Adjustments

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Condensed financial data of Cheyenne Corp. follow.
Cheyenne Corp.
Income Statement
For the Year Ended December 31,2022
Less:
Adjustments to reconcile net income to
Additional information:
New plant assets costing $79,900 were purchased for cash during the year.
Old plant assets having an original cost of $48,700 and accumulated depreciation of $38,400 were sold for
$2,800 cash.
Bonds payable matured and were paid off at face value for cash.
A cash dividend of $18,100 was declared and paid during the year.
Common stock was issued at par for cash.
There were no significant noncash transactions.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with
either a- sign e.g.-15,000 or in parenthesis e.g.(15,000).)
Cheyenne Corp.
Statement of Cash Flows - Indirect Method
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