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Credit Accounts Additional data (ignoring taxes): 1. Net income for the year was $43,100. 2. Cash dividends declared and paid during the year were $21,200.

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Credit Accounts Additional data (ignoring taxes): 1. Net income for the year was $43,100. 2. Cash dividends declared and paid during the year were $21,200. 3. A 20% stock dividend was declared during the year. $25,000 of retained earnings was capitalized. 4. Equity investments (level of ownership is less than 20\%) that cost $25.000 were sold during the year for $28,700. No unrealized gains and losses were recorded on these investments in 2020. 5. Machinery that cost $3,700, on which $750 of depreciation had accumulated, was sold for $2,150. Ivanhoe's 2020 income statement follows (ignoring taxes). (a) Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number e.s. 45 or parentheses e.s. (45).) Net cash flow from operating activities (b) Prepare astatement of cash flows using the indirect method. (5how amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e. 8.(15,000)

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