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Portions of the financial statements for Hawkeye Company are provided below Incone Statenent For the Year Ended December 31, 2018 Sales Cost of goods sold

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Portions of the financial statements for Hawkeye Company are provided below Incone Statenent For the Year Ended December 31, 2018 Sales Cost of goods sold 93 65 565 Gross margin Operating expenses: Salaries Depreciation $ 235 193 Loss on sale of land Total operating expenses Operating income Other income (expense) 125 Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net Incone Selected Accounts from Comparative Belance Sheets December 31, 2018 and 201)7 218 20) 1s Accounts receivable Inventory Accounts payable 398 427 (2) 213 240 (27) 13 194 (1n) 61 53 Interest payable Incone taxes payable 93 10 (17) Required: 1 Prepare the cash flows from operating activities section of the statenent of cash flows for Hawkeye Company using the di 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the ine method. Complete this question by entering your answers in the tabs below.

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