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Please Help! The comparative balance sheet of Livers, Inc. for December 31,203 and 202 is shown below: The income statement of Livers, Inc. for December
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The comparative balance sheet of Livers, Inc. for December 31,203 and 202 is shown below: The income statement of Livers, Inc. for December 31, 203 is shown below: Additional data for the year: - All sales are on account and all purchases of inventory are on account. - The investments were sold for $175,000 cash. - Equipment and land were acquired for cash. - There were no disposals of equipment during the year. - The common stock was issued for cash. - The only changes to retained earnings was net income and dividends. Using the forms provided, prepare a statement of cash flows using the Indirect Method. Also prepare a statement of cash flows using the Direct MethodStep by Step Solution
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