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Each of the following items must be considered in preparing a statement of cash flows for Marin Inc. for the year ended December 31, 2017.
Each of the following items must be considered in preparing a statement of cash flows for Marin Inc. for the year ended December 31, 2017. State where each item is to be shown in the statement, it at all Plant assets that had cost $19,000 6.5 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for $4,000. Marin Inc. Statement of Cash Flows Net Income XXXX Adjustments to recondile net income to During the year, 10,600 shares of common stock with a stated value of $20 a share were issued for $40 a share. Marin Inc Statement of Cash Flows $ Uncollectible accounts receivable in the amount of $23,300 were written off against Allowance for Doubtful Accounts. Marin Inc. Statement of Cash Flows $ The company sustained a net loss for the year of $53,000. Depreciation amounted to $23,500, and a gain of $9,500 was realized on the sale of available-for-sale securities for $40,500 cash. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Statement Flows Adjustments to reconcile net income to
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