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Presented here are the financial statements of Swifty Company. Ifwifty Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,400 Cost of

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Presented here are the financial statements of Swifty Company. Ifwifty Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,400 Cost of goods sold Gross profit 65,600 Selling expenses $17,250 Adminis Interest expense Income before income taxes 39,2003,400 Income tax expense Net income dditional data: 1. Depreciation expense was $17,300. 2. Dividends declared and paid were $19,860. 3. During the year equipment was sold for $6,600cash. This equipment cost $17,600 originally and had accumulated depreciation of $11,000 at the time of sale. Bonds were redeemed at their carrying value. Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a - sign e.g15.000 or in parenthesis e. . (15,000). lestion 6 of 6

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