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no answer the question Prepare statement of cash flows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and
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Prepare statement of cash flows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and 2020 are presented for Hoover Industries, Inc (Click the icon to viow the income statement) Cick the icon to view the balance sheets.) (Click the icon to view addisional information.) Requirement Prepare a statement of cash fows for Hoover Industries, Inc, for the year ended December 31, 2021, using the indirect method. Prepare the statement one section at a time. (Use perentheses or a minus sign for numbers to be sublracted and for not cash oullows) Additional information Addrional information follows: a. Sold plant asset for $4,000. The original cost of this plant asset was $10,800 and it had $9,800 of accumulated depreciation associated with it. b. Paid $7,500 on the bonds payable, issued $49,500 of new bonds payable. c. Deciared and paid cash dividends of $1,500. d. Purchased new investment for $18,000. Paid cash c. Purchased new equipment for $50,800. Paid cash. (Cick the icon to viow the income statemenf Balance Sheets (Click the icon to view sddtional informajion Requirement Prepare a saternant of cash flow for Hoover in Income Statement Step by Step Solution
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