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Condensed financial data of Vaughn Inc. follow. Additional information: 1. New plant assets costing $80,200 were purchased for cash during the year. 2. Old plant
Condensed financial data of Vaughn Inc. follow. Additional information: 1. New plant assets costing $80,200 were purchased for cash during the year. 2. Old plant assets having an original cost of $47,100 and accumulated depreciation of $36,700 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $18,000 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows usirg the iridirect method. (Show amounts that decrease cash flow with
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