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KCorp had the following information for the year ended 12/31/20XX : - The beginning balance in the Cash account was $26,000 - The ending balance

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KCorp had the following information for the year ended 12/31/20XX : - The beginning balance in the Cash account was $26,000 - The ending balance in the Cash account was $44,000 - Sold a piece of equipment for $10,000 cash. There was no gain or loss on the transaction. - Purchased a new piece of equipment for $65,000 using a Note Payable - Paid cash dividends of $7,000 - Received $2,000 in exchange for common stock - Earned Net Income of $50,000 - Made a $45,000 cash payment on a Note Payable - Had a decrease in current assets other than cash of $20,000 - Had a decrease in current liabilities of $17,000 - Had a decrease in current liabilities of $17,000 - Recorded depreciation expense of $5,000 Prepare the Statement of Cash Flows. Hint: Use all the information given. Include the Non-Cash Investing and Financing Section. Show all work to receive partial credit If you plan to submit scrap paper, type "scrap paper" below

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