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Exercise 12-17 The following information is available for Metlock, Inc. for 2022. Cash used to purchase treasury stock Cash dividends paid Cash paid for interest

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Exercise 12-17 The following information is available for Metlock, Inc. for 2022. Cash used to purchase treasury stock Cash dividends paid Cash paid for interest Net income Sales revenue Cash paid for taxes Cash received from customers Cash received from sale of building (at book value) Cash paid for operating expenses Beginning cash balance Cash paid for goods and services Cash received from issuing common stock Cash paid to redeem bonds at maturity Cash paid to purchase equipment $ 71,188 32,264 33,152 687,164 1,186,960 146,520 837,828 292,448 113,960 16,280 413,068 525,400 296,000 167,536 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Metlock, Inc. Statement of Cash Flows Direct Method Click if you would like to Show Work for this question: Open Show Work

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