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Joyner Companys income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Equipment that
Joyner Companys income statement for Year 2 follows:
Its balance sheet amounts at the end of Years 1 and 2 are as follows:
Equipment that had cost $30,500 and on which there was accumulated depreciation of $11,100 was sold during Year 2 for $29,400. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock.
1)
2) Prepare a statement of cash flows for Year 2.
3)
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