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Kingbird Inc., a greeting card company, had the following statements prepared as of December 31,2020 . begin{tabular}{lrr} Accounts payable & $46,100 & $40,300 Income

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Kingbird Inc., a greeting card company, had the following statements prepared as of December 31,2020 . \begin{tabular}{lrr} Accounts payable & $46,100 & $40,300 \\ Income taxes payable & 4,000 & 6,000 \\ Salaries and wages payable & 7,900 & 4,000 \\ Short-term loans payable & 8,100 & 10,000 \\ Long-term loans payable & 59,700 & 69,600 \\ Common stock, $10 par & 100,000 & 100,000 \\ Contributed capital, common stock & 30,000 & 30,000 \\ Retained earnings & 54,700 & 36,100 \\ \cline { 2 - 2 } Total liabilities \& stockholders' equity & $310,500 & $296,000 \\ \hline \end{tabular} KINGBIRD INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $333,450 Cost of goods sold 174,300 Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. Nauncoalizad avincorlackechavanceuread an tha inwactmonte durina thovoar Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. Nounrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $19,800 and was 70% depreciated was sold during 2020 . Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e. 15,000 or in parenthesis e.g. (15,000).) $ S ; 4

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