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Please help Help Format O Search 14. Required: Prepare a statement of Cash Flows For Year Ended December 31, 2019 Use Proper Format and Indirect
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Help Format O Search 14. Required: Prepare a statement of Cash Flows For Year Ended December 31, 2019 Use Proper Format and Indirect Method The comparative balance sheets of Palta Inc. at the beginning and end of the year 2019 are a follows: Cash Accounts Receivable Inventory Property, Plant and Equipment Accumulated Depreciation Marketable Securities Loan Receivable Total Assets Dec 31st January 1st $600,000 $320,000 332,000 300,000 4,100,000 4,100,000 600,000 550,000 (325,000) (300,000) 1,250,000 1,000,000 100 000 $6,557,000 $6,070,000 Accounts Payable Income Taxes Payable Dividends Payable Lease Liability Common Sock Capital in Excess of Par Retained Earnings Total Liabilities and Sockholders Equity $180,000 $140,000 45,000 46,000 10,000 1,300,000 1,500,000 500,000 500,000 1,500,000 1,500,000 3,032,000 2,374.000 $6,557,000 $6,070,000 Paita Inc Income Statement For Year Ended December 31, 2019 Sales Cost of Good Sold Gross Profit Depreciation Expense Administrative Experise Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income $4,000,000 2858.400 1.141 600 25,000 50.000 1,066,600 130,000 936,000 278,600 $658,000 Step by Step Solution
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