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prepare the operating portion of the statement of cash flows in good form using the indirect approach for the year ended December 31, 2019. Include

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"prepare the operating portion of the statement of cash flows in good form using the indirect approach for the year ended December 31, 2019. Include any note disclosures required"
Question 2 (12 points) Hammond Inc. had the following balance sheet at the end of 2019: Freeman INC. Statement of Financial Position December 31, 2019 Cash $ 20,000 Accounts payable S 30,000 Accounts receivable 21,200 Bonds payable 41.000 Short-term investments 32,000 Common shares 100.000 Equipment (net book value) 81,000 Retained earnings 23,200 Land 40,000 $194,200 $194,200 During 2019, the following occurred: Hammond sold its all of its short term investments creating a loss of $5,000. A parcel of land was purchased for $38,000 An additional $30,000 worth of common shares was issued Dividends totalling S10,000 were declared and paid in cash to shareholders. Net income for 2019 was $35.000 Depreciation expense for 2019 totalled $12,000. Land was purchased through the issuance of $30,000 in additional bonds. At December 31, 2019, Cash was $70,200; Accounts Receivable was $42,000; and Accounts Payable was $40,000, Required: Prepare the operating portion of the statement of cash flows in good form using the indirect approach for the year ended December 31, 2019. Include any note disclosures required Paragraph C RT

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