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I need help with this question. The following schedule of information relates to Page Products for the year, 2013: Income statement data: Sales $580,000 Depreciation

I need help with this question. The following schedule of information relates to Page Products for the year, 2013:

Income statement data:

Sales $580,000

Depreciation expense 21,000

Net income 77,000

Cash receipts:

From issuance of common stock $44,000

From sale (at book value) of stock investment 28,000

Cash payments:

For purchase of land $124,000

To stockholders as dividends 22,000

To payoff notes payable 14,000

Change in working capital accounts:

Cash increase $5,000

Accounts receivable increase 6,000

Inventory decrease 3,000

Accounts payable decrease 4,000

Accrued liabilities increase 2,000

The cash balance was $22,000 at the beginning of 2013. In good form, prepare a 2013 statement of cash flows for Page Products using the indirect method.

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