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Prepare a Statement of Cash Flows in good form for this company using the indirect method. Include a schedule of noncash investing and financing
Prepare a Statement of Cash Flows in good form for this company using the indirect method. Include a schedule of noncash investing and financing transactions, if applicable Net Sales Cost of Goods Sold Gross Profit Operating Expenses Spring Corp Income Statement Year End 12/31/2022 Depreciation Expense Admin/Selling Expenses Net Operating Income Other Revenue/Expenses) Loss on Bond Redemption Gain on Sale of Equipment Net Income 950.000 425.000 525,000 130,000 208.000 338.000 187,000 (17,000) 13.000 183,000 Spring Corp. Comparative Balance Sheet December 31, 2022 12/31/22 12/31/21 Change Assets Cash 37,000 30,000 7,000 Accounts Receivable (Net) 88,000 64,000 24,000
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