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do cash flow The following balances are for Misty Company at December 31. 2021 24100 50,000 60,000 3,000 210,000 60,000 9,000 50,000 -0- 5,000 2020
do cash flow
The following balances are for Misty Company at December 31. 2021 24100 50,000 60,000 3,000 210,000 60,000 9,000 50,000 -0- 5,000 2020 10,000 40,000 80,000 6,000 180,000 50,000 8,000 40,000 10,000 -0- Cash Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Depreciation Equipment Security Deposit Accounts Payable Salaries Payable Interest Payable Taxes Payable Note Payable Common Stock Retained Earnings Sales Cost of Goods Sold Salary Expense Rent Expense Interest Expense Depreciation Expense 100,000 10,000 114,000 70,000 50,000 124,000 200,000 100,000 40,000 24,000 6,000 10,000 The common stock outstanding was 10,000 shares on January 1, 2021. On July 1, 2021, Misty sold an additional 40,000 shares of common stock. During 2021, the company paid a dividend of 1/2 of 2021 taxes were paid in 2021, rest will be paid in 2022 No equipment was sold during the year. The tax rate is 21% and On the next page, prepare a Statement of Cash flows in good form using the indirect method Step by Step Solution
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