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Problem - 1 Balance Sheets for Seully Corporation: Additional Information: 1. Net income for 2010 was $22,630. 2. Cash dividends of $19,500 were declared and

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Problem - 1 Balance Sheets for Seully Corporation: Additional Information: 1. Net income for 2010 was $22,630. 2. Cash dividends of $19,500 were declared and paid. 3. All other changes in noncurrent account balance had a direct effect on cash flows except the changes in accumulated depreciations. The land was sold For $4,900. Required: Prepare Cash flow statements using indirect method

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