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Here are the comparative balance sheets for Jure Company Juan Capany Campuntive Babune Shres December 31 Assets Cach Accounts Receivable Inventories Prepaid expenses Land Equipment
Here are the comparative balance sheets for Jure Company Juan Capany Campuntive Babune Shres December 31 Assets Cach Accounts Receivable Inventories Prepaid expenses Land Equipment Accumulated depreciation equipment 2018 $191,000 12,000 170,000 6,000 140,000 160,000 (16,000) 2017 $159,000 15,000 160,000 2,000 80,000 A --- Totals 5663,000 5422,000 Liabilities and Stockholder's Equity Accounts payable $ 52,000 $ 60,000 Accrued expenses payable 15,000 20,000 Income taxes payable 12,000 -0- Bonds payable 130,000 -0- Common stock 360,000 300,000 Retained earnings 94,000 42,000 Totals $ 663,000 $ 422,000 Juarez Company Income Statement For the Year Ended December 31, 2018 Revenues $ 975,000 Cost of goods sold $ 660,000 Operating expenses (excluding depreciation) 176,000 Depreciation expense 18,000 Loss on sale of equipment 1,000 855,000 Income before income taxes 120,000 Income tax expense Net income 36.000 $84,000 Additional Information: 1. In 2018, the company declared and paid a $32,000 cash dividend. 2. Bonds were issued at face value for $130,000 cash 3. Equipment costing $180,000 was purchased for cash. 4. Equipment costing $20,000 was sold for $17,000 cash when the book value of the equipment wa 5. Common stock of $60,000 was issued to acquire land. Required Prenate the statement of cash flows for 2018 in the indirect method
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