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Lake's after-tax cash flow for last year. Prepare a statement of cash flows (using the indirect method) for the Midland Manufacturing Corporation for the y

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Lake's after-tax cash flow for last year. Prepare a statement of cash flows (using the indirect method) for the Midland Manufacturing Corporation for the y lowing comparative balance sheets. ear ending December 2013, based on the fol- Midland Manufacturing Corporation Comparative Balance Sheets (in Millions of Dollars)" December 31. 2012 December 31, 2013 Assets Current assets $ 4.9 7.2 3.8 $25.9 $80.7 163 $64.4 $90.3 S 0.8 7.5 14.5 s 228 $115.0 25.8 892 $112.0 Cash Accounts receivable, net Inventories Total current assets Property and equipment Net property and equipment Liabilities and Stockholders' Equity Total assets Current liabilities $8.0 6.0 $14.0 18.8 S 9.5 8.2 $ 17.7 31.8 Accounts payable Other current liabilities Total current liabilities Long-term debt Deferred federal income taxes Stockholders' equity Common stock S 3.0 29.0 24.3 $56.3 $90.3 $ 3.0 29.0 29.1 S 61.1 $112.0 Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Net income for the yeur ended December 31, 2013, totaled $8.3 millin, dividends paid during the same period totaled $3.5 million $2.0 ion of long-term debt was retired in 2013, and fixed assets were sold during 2013 for $1.0 million ks behind the numbers denote problems that have check answers provided at the end of the book

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