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Problem 4 -The Dickinson Company reported net income of $80,000 for the current year. Depreciation recorded on buildings and equipment amounted to $22,550 for the

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Problem 4 -The Dickinson Company reported net income of $80,000 for the current year. Depreciation recorded on buildings and equipment amounted to $22,550 for the year. In addition, a building with an original cost of $200,500 and accumulated depreciation of $190,400 on the date of the sale, was sold for $50,200. The Company issued debt totaling $60,000 during the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: SHOW YOUR WORK End of Ye: 35M ' of Year Cash $166,000 $21,650 Accounts receivable 40,100 15,450 Invemm'es 34,500 37,000 Accounts payable 34,300 40,450 Prepare the statement of cash ows using the indirect method. Remember, you should have an operating, investing and nancing cash ow

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