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Condensed financial data of Cullumber Company follow. Additional information: 1. New plant assets costing $79,000 were purchased for cash during the year. 2. Old plant
Condensed financial data of Cullumber Company follow. Additional information: 1. New plant assets costing $79,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,000 and accumulated depreciation of $36,000 were sold for $2,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $36,500 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Coliumber Conpary using the direct methpd. (Show amounts thot decrease cash flow w 4 cash payments- ( 3 * : : ; ; i) :1) \& t) : a
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