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Presented here are the financial statements of Warner Company. begin{tabular}{lcc} Bonds payable & 17,000 & 33,000 Common stock & 18,000 & 14,000 Retained
Presented here are the financial statements of Warner Company. \begin{tabular}{lcc} Bonds payable & 17,000 & 33,000 \\ Common stock & 18,000 & 14,000 \\ Retained earnings & 50,000 & 38,000 \\ \cline { 2 - 3 } Total & $111,000 & $108,000 \\ \hline \end{tabular} Additional data: 1. Depreciation expense was $17,500. 2. Dividends declared and paid were $20,000. 3. During the year, equipment was sold for $8,500 cash. This equipment originally co 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that yecrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000)
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