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Question 2 The following information is taken from Donna Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated
Question 2 The following information is taken from Donna Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents December 31 2021 2020 $ 67,410 $ 28,890 109,140 85,600 (4,815) (3,317) 171,200 187,250 8,0257 ,276 107,000 64,200 314,580 261,080 (34,240) (13,910) 21,400 37,450 $759,700 $654,519 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained earnings-unappropriated Treasury stock, at cost $ 96,300 57,780 133,750 107,000 85,600 295,320 (16,050) $759,700 $ 89,880 67,410 64,200 107,000 10,700 323,889 (8,560) $654,519 Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents For 2021 Year $83,781 20,330 5,350 37,450 none Prepare a statement of cash flows for Donna Corporation for the year 2021. (Use the indirect method.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g (15,000).)
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