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Question 3 of 4 c Current Attempt in Progress -/30 1 Corrado Company reported net income of $233,000 for 2020 Cornnado sold eipment that
Question 3 of 4 c Current Attempt in Progress -/30 1 Corrado Company reported net income of $233,000 for 2020 Cornnado sold eipment that cost $103.000 and had a book value of $61,800 for 551,800. The comparative balance sheet shows a decrease in accounts receivable of $20,000 for the year a $12.000 increase in accounts payable, a $4,000 increase in prepaid expenses, and a 517.000 increase in accumulated depreciation repare the rating acties section of the statement of cash flows for 2020. Use the indirect method Show amounts that dece anh flow with either a same-15,000 or in parenthesis es (15,000) CORONADO COMPANY Partial Statement of Cash Flows ents to reconcile ret income to
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