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Please show me how to calculate each answer, thank you so much! The balance sheets for Plasma Screens Corporation, along with additional information, are provided
Please show me how to calculate each answer, thank you so much!
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: Additional Information for 2024: 1. Net income is $69,000. 2. The company purchases $120,000 in equipment. No equipment was sold. 3. Depreciation expense is $160,000. 4. The company repays $100,000 in notes payable. 5. The company declares and pays a cash dividend of $25,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.)Step by Step Solution
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