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Question 15.) (11 points) Company A is preparing its annual financial statements at December 31, 2023. Listed below are cash flow items presented in alphabetical

Question 15.) (11 points)
Company A is preparing its annual financial statements at December 31, 2023.
Listed below are cash flow items presented in alphabetical order. Use the above
information to prepare the statement of cash flow (Indirect Method) for the
company In Good Form.
A Truck was purchased for 55 000
Accounts receivable decreased during the year by 25 000
Accounts payable decreased during the year by 15 000
Common Stock was issued for 60 000
Depreciation expenses for the year was 15 000
Inventory increased during the year by 30 000
Net Income for the year was 40 000
The Company borrowed cash on a three year note of 100 000
The company purchased a new machine for 35 000
The beginning cash balance on January 1, 2023 was 50 000
The Company paid Principal on the three year note of 20 000

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