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Jones Clothing Store Statement of Cash Flows For the Year Ended December 31, 2012 Cash received: From sales to customers Interest income Loans from banks

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Jones Clothing Store Statement of Cash Flows For the Year Ended December 31, 2012 Cash received: From sales to customers Interest income Loans from banks From sale of property, plant, and equipment From issuance of common stock From issuance of bonds Total cash received Cash payments For dividends For purchase of stock of another company For purchase of equipment $200, 000 10,000 50,000 100,000 150,000 $610,000 s20,000 150,000 200,000 80,000 60,000 $510,000 $100,000 To employees Total cash payments Net increase in cash Required: a. Prepare a statement of cash flows in proper form. b. Comment on the major flows of cash

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