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Net income 22900 Payment for purchase of land 4000 Payment for retirement of bonds 6000 Depreciation expense 7800 Receipt from issuance of common stock 7000

Net income 22900 Payment for purchase of land 4000 Payment for retirement of bonds 6000 Depreciation expense 7800 Receipt from issuance of common stock 7000 Patent amortization expense 2700 Increase in accounts receivable 3400 Payment of dividends 5000 Decrease in accounts payable 2600 Required Cash Flow Statement

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