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Condensed financial data of Ivanhoe Company follow. Additional information: 1. New plant assets costing $320,000 were purchased for cash during the year. 2. Old plant

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Condensed financial data of Ivanhoe Company follow. Additional information: 1. New plant assets costing $320,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $184,000 and accumulated depreciation of $155,200 were sold for $4,800 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $83,296 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow with either a - sign es. 15,000 or in parenthesis e.3. (15,000). Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either eTextbook and Media

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