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Equipment with a book value of $ 2 0 , 0 0 0 was sold for $ 1 8 , 0 0 0 cash. Accumulated

Equipment with a book value of $20,000 was sold for $18,000 cash. Accumulated depreciation on the eqipment was $12,000. Bonds payable were retired by payment at their face amount. Cash dividends declared and paid during the year amounted to $15,000. All sales were on account. Prepare a statement of cash flows using the direct method for Delta company for Year 2
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