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Question 13 Beltram Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant,
Question 13 Beltram Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $710 437 273 176 97 29 $68 15 pts Ending Beginning Balance Balance $30 $26 37 43 67 63 601 560 377 360 $ 358 $332 $42 $46 23 22 39 39 141 170 63 60 50 (5) $ 358 $332 The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $13. Required: Prepare a statement of cash flows in good form using the indirect method.
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