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Question 2: (19 points) The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2021 Dec. 31,
Question 2: (19 points) The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2021 Dec. 31, 2020 Assets Cash Accounts receivable Prepaid expenses Inventory..... Long-term investment in bonds Equipment Accumulated depreciation-equipment. Total assets $ 23,000 18,000 6,000 27,000 -0- 60,000 (18,000) $ 116,000 $ 12,000 14,000 9,000 18,000 18,000 30,000 (14,000) $ 87,000 Liabilities and Shareholders' Equity Accounts payable Bonds payable. Common shares Retained earnings Total liabilities and shareholders' equity.. $ 21,000 37,000 40,000 18,000 $ 116,000 $ 9,000 45,000 23,000 10,000 $ 87,000 Additional information: 1. Profit for the year ending December 31, 2021 was $ 20,000. 2. Cash dividends of $ 12,000 were declared and paid during the year. 3. Long-term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16,000. Required: Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method
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