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During Year 2 , the company sold equipment for $ 1 8 , 7 3 4 ; it had originally cost $ 2 8 ,
During Year the company sold equipment for $; it had originally cost $ Accumulated depreciation on this equipment
was $ at the time of the sale. Also, the company purchased equipment for $ cash.
The company sold land that had cost $ This land was sold for $ resulting in the recognition of a $ loss. Also, common
stock was issued in exchange for title to land that was valued at $ at the time of exchange.
Paid dividends of $
Required
Prepare a statement of cash flows using the indirect method.
Note: Amounts to be deducted and cash outflows should be indicated by a minus sign.
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