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please help 1. Purchased investment in bonds for $115,000 2. Sold land for $31,000. The land originally was purchased for $40,000, resulting in a $9,000
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1. Purchased investment in bonds for $115,000 2. Sold land for $31,000. The land originally was purchased for $40,000, resulting in a $9,000 loss being recorded ot the time of the sale 3. Purchased $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and pald a cash dividend of $30,000 Required: Prepare the statement of cash flows: using the indirect method. Disciose any noncash transactions in an accompanying note (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.) Net cash flows from operating activities Cash Flows from Invosting Actwitios: Incone statement For the year Enged Decenber 32, 2024 Wet sales Expenses: VIokO FHONES, INCORPORATto Balance sheets Decteber 11 Additional information for 2024 Step by Step Solution
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