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Prepare a statement of Cash flows for Delta Corporation using the information presented below for the year ended December 31, 2019. Use the indirect method.
Prepare a statement of Cash flows for Delta Corporation using the information presented below for the year ended December 31, 2019. Use the indirect method. Amortization of trademark Cash Balance, January 1, 2019 Decrease in Accounts Receivable Depreciation Expense Dividends payment Increase in Accounts Payable Increase in Cash Increase in Inventory Issuance of new bonds payable Issuance of preferred stock Net Income Purchase of new machinery Retirement of Long-Term Debt Sale of Building (includes $6000 gain) 3,500 85,750 2,300 5,000 20,000 1,250 55,300 1,750 50,000 20,000 68,250 38,650 30,000 25,000
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