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prepare the cash flow statement Allied Corporation Comparative Balance Sheets December 31, 20x2 and 20x 1 Assets 20x2 20x/ Cash $ 21,000 54,000 Accounts Receivable

prepare the cash flow statement

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Allied Corporation Comparative Balance Sheets December 31, 20x2 and 20x 1 Assets 20x2 20x/ Cash $ 21,000 54,000 Accounts Receivable (net) 421,000 480,000 Inventory 310,000 340,000 Prepaid Expenses 17,000 15,000 Investments 80,000 80,000 Land 350,000 300,000 Building (net) 680,000 700,000 Equipment (net) 520,000 340,000 Total Assets $2,399,000 $2,309,000 .;" Liabilities Accounts Payable $ 328,000 $ 335,000 Accrued Liabilities 171,000 170,000 Income Taxes Payable 22,000 34,000 Bonds Payable 410,000 700,000 Long-Term Note Payable 130,000 0 Total Liabilities $1,061,000 $1,239,000 Stockholders' Equity Common Stock $ 800,000 $ 600,000 Paid-in Capital in Excess of Par Value 152,000 152,000 Retained Earnings 386,000 318,000 Total Stockholders Equity $1,338,000 $1,070,000 Total Liabilities and Stockholders' Equity $2,399,000 $2,309,000 Additional information: Net income for 20x2 was $143,000. Issued a long-term note payable in exchange for computer equipment for $130,000. Purchased computer terminals for $90,000. Depreciation on equipment for 20x2 was $40,000. Depreciation on building for 20x2 was $20,000. Reacquired bonds payable at par for $290,000. Declared and paid dividends of $75,000. Issued 20,000 shares of common stock at par value of $10 per share. Paid $50,000 for land intended for a new plant site

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