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intermediate accounting The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket
intermediate accounting
The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket Company follows. Additional information - During 2012 cash payments for buildine and equipment 515,000 . * Daring 2012 cash paid for retirement of notes payable $10,000. ** During 2012 eash received from isseance of sack. Note: Cash dividends of 568,000 were paid during 2012 . Rocket Company Income Statement For the Year Ended December 31, 2012 Sales 5500,600 Less expenses: Required: Prepare the statement of cash flows for 2012. (Present cash flows from operations wing the indireet approach.) Step by Step Solution
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