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Otten Corporation Balance Sheet December 31, 2014 and 2013 Assets $13,000 14,000 15,000 9,000 51,000 58,000 (24,000) $85.000 Cas.. $38,000 ..18,000 .25,000 7,000 88,000 ....60,000

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Otten Corporation Balance Sheet December 31, 2014 and 2013 Assets $13,000 14,000 15,000 9,000 51,000 58,000 (24,000) $85.000 Cas.. $38,000 ..18,000 .25,000 7,000 88,000 ....60,000 (18,000) $130.000 Inventory Prepaid insurance Current Asset... Equipmen. Accumulated depreciation-equipment.. $ 25,000 25,000 .37,000 7,000 7,000 45,000 23,000 Accounts payable.... Current Liabilities Bonds payable. Common stock... Retained earnings.. 30.000 $85,000 Additional information for the year ending 12/31/14 (including income statement information): 1. Net income was $30,000. stock was issued for $17,000. 3. Cash dividends of $12,000 were declared and paid during the year 4. Equipment was sold for $13,000, resulting in a $5,000 gain. 5. Equipment was purchased for $20,000. 6. Depreciation expense was $4,000. 7. Bonds of $8,000 were repaid during the year. Instructions Prepare a Statement of Cash Flows for the year ended 2014 using the indirect method. Path: p

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