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Plz provide me accurate answers as usually i get the wrong answers whenever i post the questions. Instant Brake Inc's comparative balance sheet information at

Plz provide me accurate answers as usually i get the wrong answers whenever i post the questions. image text in transcribed
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Instant Brake Inc's comparative balance sheet information at December 31, 2020 and 2019, and its income statement for the year ended December 31,2020 , are as follows: During 2020, the following transactions occurred: 1. Purchased equipment for $20,400 cash. 2. Sold the investment on January 1,2020 , for $40,800, resulting in investment income of $17,520 3. Sold equipment for $7,320 cash that had originally cost $37,920 and had $20,170 of accumulated depreciation. 4. Issued $22,000 of bonds payable at face value. Required: 1. How much cash was paid in dividends? 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2020, using the indirect method. (List any deduction in cash and cash outflows as negative amounts.)

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