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Please prepare schedule of cash flows from operating activities for 20X5, not 20X4. Thank you. The Westland Inn had net earnings of $65,000 during 20X5.

Please prepare schedule of cash flows from operating activities for 20X5, not 20X4. Thank you. image text in transcribed
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The Westland Inn had net earnings of $65,000 during 20X5. Included on its income statement for 205 were depreciation and amortization expenses of $150,000 and $5,000, respectively. Its current accounts on its comparative balance sheet showed the following: In addition, sales of equipment, marketable securities, and investments during 205 were as follows: 1. Equipment that cost $20,000 with accumulated depreciation of $12,000 was sold for $5,000. 2. Investments that cost $20,000 were sold for $25,000. 3. Marketable securities that cost $10,000 were sold for $8,000. Required: Prepare a schedule of cash flows from operating activities for 204. 17.3 Prepare SCF for 2005 (not 2004 like the book says)

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