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Louisiana Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Louisiana Company

Louisiana Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:

Louisiana Company

Comparative Balance Sheet

December 31, 2019 and 2018

2019

2018

Increase/(Decrease)

Common Stock

$32,000

$2,400

$29,600

Retained Earnings

123,000

76,000

47,000

Treasury Stock

(15,000)

(8,200)

(6,800)

Total Equity

$140,000

$70,200

$69,800

Note:

1. There were no stock retirements during the year.

2. There were no sales of treasury stock during the year.

Compute the cash flow from transactions involving treasury stock.

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