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Question Five: The following comparative balance sheets and additional information are extracted from books: 16 Points Alfa Company ALFA COMPANY Comparative Balance Sbeet Des.31,2015 Dr.

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Question Five: The following comparative balance sheets and additional information are extracted from books: 16 Points Alfa Company ALFA COMPANY Comparative Balance Sbeet Des.31,2015 Dr. 31201 Assets Cash s 84,000 38.000 10,000 24,000 Accounts receivable Prepaid expenses Supplies Long-term investments Equipment Accumulated depreciation-equipment. Total assets $44,000 32.000 14000 16.000 36,000 60,000 (28.000) $174.000 124,000 (40,000) $240,000 Liabilities and Stockholdern Equity $ 32.000 S 18,000 36.000 100,000 20,000 $174,000 Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 20,000 130,000 58,000 $240,000 Additional information: 1. Net income for the year ending December 31, 2018 was $67,000. 2. Cash dividends of $29,000 were declared and paid during 2018 3. Long-term investments that had a cost of $36,000 were sold for $38,000 during 2018 Required: Use the above financial statements and additional information to prepare a statement of flows for the year ended December 31, 2018, using the indirect method

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