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Question 2. Here are the balance sheet and income statement for additional information: Bcbls Comparative Balanco chanc. Additional information from the accounting records: a. Land

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Question 2. Here are the balance sheet and income statement for additional information: Bcbls Comparative Balanco chanc. Additional information from the accounting records: a. Land purchased in a previous year for $10 million was sold for $18 million. b. Equipment that cost $14 million and which was one-half depreciated was for $5 c. The common shares of Holly's investment d. Property was purchased for $30 million for use as a parking lot. e. On December 31,2022 , new equipment was acquired by issuing a 12%, five-year $20 million note payable to the seller. f. On January 1,2022,$15 million of bonds (issued 20 years ago at face) were retired at maturity. g. The increase in the common stock account is attributable to the issuance of a 10% stock dividend ( 1 million shares) and the subsequent sale of 2 million shares of common stock. The market price of the $10 par common stock was $13 per share on the sates of both transactions. h. Cash dividends of $5 million were paid to shareholders. Prepare a statement of cash flows in good form (including any necessary notes!). Show me your labelled calculations (and use journal entries \& t-accounts...) for each item, where necessary, in order by line item on the SCF

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