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Please I need help. Thank you Statement of Cash Flows The following are several items involving the cash flow activities of the Mueller Company for
Please I need help. Thank you
Statement of Cash Flows The following are several items involving the cash flow activities of the Mueller Company for 2016: a. Net income, $68,000 b. Increase in accounts receivable, $4,400 c. Receipt from sale of common stock, $12,300 d. Depreciation expense, $11,300 e. Dividends paid, $24,500 f. Payment for purchase of building, $65,000 9. Bond discount amortization, $2,700 h. Receipt from sale of long-term investments at cost, $10,600 i. Payment for purchase of equipment, $8,000 j. Receipt from sale of preferred stock, $20,000 k. Increase in income taxes payable, $3,500 1. Payment for purchase of land, $9,700 m. Decrease in accounts payable, $2,900 n. Increase in inventories, $10,300 o. Beginning cash balance, $18,000 Required: Prepare Mueller Company's statement of cash flows for 2016. Use a minus sign for any negative amounts Step by Step Solution
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