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Please give me step by step on calculations so I know how to do it next time (a) Sold available-for-sale securities (not cash equivalents) costing
Please give me step by step on calculations so I know how to do it next time (a) Sold available-for-sale securities (not cash equivalents) costing $87,750 for $90,000. Additional information: (b) Equipment costing $18,750 with a book value of $3,750 was sold for $4,500. (c) Issued 8% bonds payable at par, $375,000. (d) Purchased new equipment for cash, $310,125. (c) Paid cash dividends of $22,500 during the year. (f) Net income for 2017 was $45,000. (g) Proceeds from the notes payable were used for operating purposes. Prepare a cash flow statement for Sage Corporation for 2017 , using the indirect method
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