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Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: Additional Information: 1. Net income for 2019 was $18,600. 2. Cash

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Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: Additional Information: 1. Net income for 2019 was $18,600. 2. Cash dividends of $6,300 were declared and paid during 2019. 3. Long-term investments with a cost of $28,600 were sold for cash at a gain of $4,100. Additional long-term invest 4. Equipment with a cost of $14,800 and accumulated depreciation of $13,500 was sold for $3,800 cash. New equip 5. Depreciation expense was $18,900. 6. A principal payment of $24,700 was made on long-term notes. 7. Common stock was sold for $31,500 cash. Required: Prepare a statement of cash flows for Erie, using the indirect method to compute net cash flow from operating activities. Erie Company Statement of Cash Flows For the year ended December 31, 2019 Cash flows from operating activities: Net cash provided by operating activities Cash flows from investing activities: Net cash used for investing activities Cash flows from financing activities: Net cash used for financing activities Cash, 1/1/2019 Cash, 12/31/2019

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