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I. The balance sheets for Berg Company showed the following information. Additional information ooncerning transactions and events during 2018 are presented below: Additional data: 1.
I. The balance sheets for Berg Company showed the following information. Additional information ooncerning transactions and events during 2018 are presented below: Additional data: 1. Net income for the vear 2018, $90,000. 2. Depreciation on plant assets for 2018,$12,700. 3. Sold long-term investments fot $23,000. 4. Paid dividends of $42,000. 5. Purchased machineny costing $16,500, paid cash. 6. Purchased machinery and gave a $50,000 long-term note payable. 7. Paid a $40,000 long-term note payable by issuing common stock. Required: Prepare a statement of cash flows for 2018 using the indivect method (30pts) I. The balance sheets for Berg Company showed the following information. Additional information ooncerning transactions and events during 2018 are presented below: Additional data: 1. Net income for the vear 2018, $90,000. 2. Depreciation on plant assets for 2018,$12,700. 3. Sold long-term investments fot $23,000. 4. Paid dividends of $42,000. 5. Purchased machineny costing $16,500, paid cash. 6. Purchased machinery and gave a $50,000 long-term note payable. 7. Paid a $40,000 long-term note payable by issuing common stock. Required: Prepare a statement of cash flows for 2018 using the indivect method (30pts)
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