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prepare the statement of cash flow for the year ended december 31, 2022 Phillips, Inc. Comparative Balance Sheet December 31,2021 and 2022 Phillips, Inc. Income
prepare the statement of cash flow for the year ended december 31, 2022
Phillips, Inc. Comparative Balance Sheet December 31,2021 and 2022 Phillips, Inc. Income Statement For the Year Ended December 31, 2022 Additionaligiormation: - Depheciation expense was $6,000. - Dividends of $25,000 were declared and paid. - During the year, equipment was sold for $10,000 cash. This equipment cost $13,000 originally and had accumulated depreciation of $3,000 at the time of the sale. - Additional equipment was purchased for $8,000cash Step by Step Solution
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