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Question 9 Troll Corp had the following financial data related to the years ended December 31 Troll Corp Comparative Balance Sheet Information December 31 2021

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Question 9 Troll Corp had the following financial data related to the years ended December 31 Troll Corp Comparative Balance Sheet Information December 31 2021 2020 Cash $42.740 $56.980 Accounts receivable 23,500 21,500 Merchandise inventory 45,000 122.000 Long-term investments 202,000 120,000 Equipment 320,000 201,000 Accumulated depreciation, equipment 64,000 35,000 Total Assets $569,240 $486,480 Accounts payable Income taxes payable Bonds payable Common shares Retained earnings Total liabilities and equity $16,200 23,000 44,500 152,000 333,540 $569,240 $13,200 22,300 64,000 133,000 253,980 $486,480 Troll Corp Income Statement $486,480 $479,892 Total liabilities and equity $569,240 Troll Corp Income Statement For the period ending December 31, 2021 Sales (all on credit) Cost of goods sold $161,644 Depreciation expense 44,000 Other operating expenses 56,431 Interest expense 10,185 Loss on sale of equipment 3,822 Profit 276,082 $203,810 (1) Long-term investments worth $82,000 were purchased. Bonds worth $19,500 were retired. There was no gain or loss on the bonds retired. (2) Old equipment with an original cost of $40,000 with accumulated depreciation of $15,000 was sold for $21,178. (3) New equipment was purchased for $159,000. (4) Dividends of $124,250 were paid during the year. (5) $19,000 of additional shares were issued during the year. Prepare a statement of cash flows in good form for the fiscal year ending December 31, 2021 using the indirect method

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