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HE COMPAWr's current year income statement, comparative balance sheets, and additichat information follow for the year, (t) all sales are crede sales, (2) all credits

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HE COMPAWr's current year income statement, comparative balance sheets, and additichat information follow for the year, (t) all sales are crede sales, (2) all credits to Accounts Acceivable reflect cash receipts fiom customers, (3) all parchases of inventory are on crede, (4) all debits to Accoonts Payable reflect cash paymerts for inventory, and (5) ony change in income Taxes Payable iefiects the accrual and cash payment of taxes Download the attoched file and complete the cashflow statement for "The Corporotion". Save the file and upload. Use the information provided to prepare a stotement of cash flows for the current year using the indirect method. Amounts to be deducted (decreose) should be indicoted by using ( ). Be sure to indicated if each octivity is "provided or used". Additional Information on Current Year Transactions a. Purchased equipment for $36,000 cash. b. Issued 12,000 shares of common stock for $5 cash per share. c. Declared and paid $89,000 in cash dividends. 1. Use the information provided to prepare a statement of cash flows for the current year using the indirect method (Amounts to be deducted should be indicated by a minus sign.)

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