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Please make corrections to my calculation answers (white boxes), and show formulas. Thank you. Condenced financial data follnw for Rlncenm I td Rlncenm rennrte under
Please make corrections to my calculation answers (white boxes), and show formulas. Thank you.
Condenced financial data follnw for Rlncenm I td Rlncenm rennrte under 5DF Additional information: 1. New equipment costing $91,800 was purchased for $27,000 cash and a $64,800 note payable. 2. Equipment with an original cost of $62,100 was sold at a loss of $8,100. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a - Investing Activities Purchase of Long-term Investments Sale of Equipment Purchase of Equipment Net Cash Used by Investing Activities Financing Activities Retirement of Note Payable Sale of Common Shares Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash, January 1 Cash, December 31 Note X: Equipment was purchased by paying $ 4 $108000 63720 64800Step by Step Solution
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