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Information for JKL Co. for the year ended December 31, 2019 follows: Income statement far the vear endad naramhar 21 on10 Additional information for the

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Information for JKL Co. for the year ended December 31, 2019 follows: Income statement far the vear endad naramhar 21 on10 Additional information for the year ended December 31, 2019: Accounts receivable decreased $2,000. Inventories increased $4,000. Patents increased by $1,500. Accounts payable decreased $7,000 Short term bank loans payable increased by $3,000. Current maturities of long-term debt increased $1,500. During the year, a piece of land held for future expansion was sold for its book value of $8,000. During the year, a new service truck was purchased for $14,000. JKL Co. sold another company's securities at their book value of $5,000 JKL Co. borrowed $18,000 on a two-year note from the bank. KL Co. borrowed $3,000 from the bank on a three-month note. Dividends of $6,000 were paid in cash. Preferred stock was issued to retire $7,000 of long-term notes payable. The beginning cash balance was $22,000. Required: prepare a statement of cash flows for Stable Equipment Company for the year ended December 31, 2019. Use the indirect method for the operating activities section of the statement

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