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Exercise 17-06 (Video) The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $41,000 Accounts payable decrease

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Exercise 17-06 (Video) The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $41,000 Accounts payable decrease 3,400 Depreciation expense 177,000 Accounts receivable increase 8,900 Inventory increase 11,000 Net income 258,300 Cash received for sale of land at book value 31,000 Cash dividends paid 12,000 Income taxes payable increase 4,400 Cash used to purchase building 293,000 Cash used to purchase treasury stock 28,000 Cash received from issuing bonds 205,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,01 STAMOS CORPORATION Statement of Cash Flows-Indirect Method Adjustments to Reconcile net income to

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