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Current Attempt in Progress Here are comparative balance sheets for Coronado Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for
Current Attempt in Progress Here are comparative balance sheets for Coronado Company. Prepare a statement of cash flows-indirect method. Additional information: 1. Net income for 2020 was $90,000. 2. Cash dividends of $33,000 were declared and paid. 3. Bonds payable amounting to $60,000 were redeemed for cash $60,000. 4. Common stock was issued for $46,000 cash. 5. Equipment that cost $49,000 and had a book value of $29,400 was sold for $33,400 during 2020 ; land was sold at cost. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cosh flow with either a - sign es. 15,000 or in parenthesis eg. (15,000). Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesiseg. (15,000). Question 2 of 4 14 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Sale of Equipment Purchase of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock. Net Cash Used by Financing Activities (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Compute free cash flow for 2020. Free cash flow
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