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Exercise D13-11 The following items were gathered from Rindt Industries general ledger: Sale of marketable securities $ 14,000 Depreciation and amortization expense 24,262 Payment of

Exercise D13-11

The following items were gathered from Rindt Industries general ledger:

Sale of marketable securities $ 14,000
Depreciation and amortization expense 24,262
Payment of cash dividends 3,543
Proceeds from disposal of equipment 819
Loss on disposal of equipment 150
Net income 26,043
Beginning Cash balance 19,600
Purchase of equipment 21,632
Decrease in Accounts Receivable 1,048
Proceeds from issuing common stock 2,241
Increase in Inventory 3,465
Increase in Accounts Payable 4,650
Ending Cash balance 64,173

Using the indirect method, construct Rindt Industries statement of cash flows.

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