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How do you solve this? 2. Selected financial statement information and additional data for Jasmine Co. is presented below. Prepare a statement of cash flows
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2. Selected financial statement information and additional data for Jasmine Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2020 Cash Accounts receivable (net). Inventory Land Equipment... A/D-Eqp. Accounts payable. Notes payable - short-term.. Notes payable - long-term. Common stock Retained earnings 2020 $65,000 144,200 206,600 21,000 789,600 115,600 86,000 29,400 302,400 487,200 205,800 December 31 2019 $42,000 84,000 168,000 58,800 504,000 84,000 50,400 67,200 168,000 420,000 67,200 *change in inventory is an operating activity* Additional data for 2020: 1. Net income was $220,200. 2. Depreciation was $? 3. Land was sold at its original cost. 4. Dividends of $81,600 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $134,400 issued for equipment purchase. 7. New owners invested in company by purchasing 100 shares of Common stock for cashStep by Step Solution
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