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Exercise 12-07 The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash belance Accounts payable decrease Depreciation expense

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Exercise 12-07 The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash belance Accounts payable decrease Depreciation expense S40,500 3,330 145,800 7,380 9,900 255,690 31,500 Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid 10,00 Income taxes payable increase 4,230 Cash used to purchase building 260,100 23,400 180,000 Cash used to purchase treasury stock Cash received from issuing bonds Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Vaughn Manufacturing Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to

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