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Include explanations please!!! You have been given the following information about net changes in the balance sheet accounts of Lynbrook Securities, Inc. the year ending

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Include explanations please!!!

You have been given the following information about net changes in the balance sheet accounts of Lynbrook Securities, Inc. the year ending December 31, 2020: Debits > Credits > Credit by: Debits by: Cash $ 51,000 Accounts Receivable 170,000 Inventory $ 63,000 Prepaid expenses 4,000 Long-term loans to subsidiaries 80,000 Long-term investments 90,000 Plant, Property, and equipment 340,000 Accumulated depreciation 65,000 Accounts payable 48,000 Accrued liabilities 5,000 Income taxes payable 9,000 Bonds payable 200,000 Common stock 120,000 Retained earnings 75,000 $ 660,000 $ 660,000 The following additional information is available about the 2020 activities: a. Net income for the year must be determined from the given data. b. The company sold equipment during the year for $35,000. The equipment originally cost the company $160,000, and it had $145,000 in accumulated depreciation at the time of sale. c. The company declared and paid $10,000 in cash dividends during the year. d. The beginning and ending balances in the plant and Equipment and Accumulated Depreciation accounts are given below: Plant and equipment Accumulated depreciation Beginning $2,850,000 $ 975,000 Ending $3,190,000 $1,040,000 e. The balance in the Cash account at the beginning of the year was $109,000; the balance at the end of the year was $ _? f. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change. Required: Prepare a statement of cash flows (Operating, Investing, and Financing) for the year ending December 31, 2020.(Reminder: continue using Excel, with Excel Formulas, to prepare your solution)

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