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II. Statement of Cash Flows: Shown below are the balance sheets of Mintz Corporation for December 31, 20x1, and December 31, 20x2: 20x2 20x1 Cash
II. Statement of Cash Flows: Shown below are the balance sheets of Mintz Corporation for December 31, 20x1, and December 31, 20x2: 20x2 20x1 Cash $11.200 $8,100 Receivables (net) Inventory Equipment Accumulated Depreciation 12,600 10,800 20,000 (14,000 $40.600 12,000 11,500 16,000 (12.000 $35,600 Accounts Payable Common Stock Retained Earnings $7,200 22,000 11.400 $40.600 $4,000 20,000 11,600 $35.600 The net income for 20x2 was $4,800. The company did not sell any equipment during the year 20x2, but it did scrap a fully depreciated piece of equipment that had cost $6,000. Required: Based on the above information, prepare a statement of cash flows all 3 sections). Use the indirect method of computing cash provided by operating activities
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