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Exercise 3: The Big and Fast company provides the following information about its activities in the year 2019 . . . . . . Bonds

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Exercise 3: The Big and Fast company provides the following information about its activities in the year 2019 . . . . . . Bonds payable issued: $250,000 Land sold: $63,000 Machinery purchased: $145,000 Common stock issued: $169,000 Dividends pald: $162,000 loss on disposal of equipment 9000 Decrease in accounts receivable: $36,000 Decrease in accounts payable: $46,600 Increase in inventory: $12,800 Decrease in income tax payable: $22,000 Increase in prepaid expenses: $25,000 The depreciation expense was $15,000 net income of $ 250,000 Cash beginnings: $ 8000. . . . Compute statement of cash flows using indirect method

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