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Income Statement: Profit Depreciation expense Amortization of patent 2020 Gain/Loss on sale of Machinery $642,600 58,500 27,000 ? Statement of Financial Position: 30 June 2020

Income Statement: Profit Depreciation expense Amortization of patent 2020 Gain/Loss on sale of Machinery $642,600 58,500 27,000 ? Statement of Financial Position: 30 June 2020 30 June 2019 Cash ? $677,160 Accounts receivable 645,600 689,100 Inventory 771,600 591,900 Accounts payable 417,300 453,600 Accrued Expenses payable 294,300 257,400 Additional Information to be noted during the year: (1) Reacquired the Company's 30,000 ordinary shares in the market at $2.35 per share. (2) Sold the old machinery at cash of $360,000 (the cost of the machinery is $751,500 and the accumulated depreciation at disposal was $420,000). (3) Purchased a new machinery for cash at $750,000. (4) Made a loan of $300,000 to Rose Company. (5) Issued 8,000 8% preference shares at its par value $54 per share. (6) Declared and paid the dividend on preference shares issued under (5). Required: Prepare the statement of cash flows for the year ended 30 June 2020 using the indirect method for Jasmine Company. Place parentheses around those dollar amount representing cash outlaysimage text in transcribed

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