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Equipment that had cost $30,900 and on which there was accumulated depreciation of $11,700 was sold during Year 2 for $26,200. The company declared and

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Equipment that had cost $30,900 and on which there was accumulated depreciation of $11,700 was sold during Year 2 for $26,200. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stockRequired: 1 Using the indirect method, compute the net cash for operating activities for Year 2 (Negative amount should be indicated by a minus sign.) Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.)

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