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Question H1. The Sunshine Company's income statement for the year ended January 31, 2023, and its comparathe balance sheets as of January 31,2023 and 2022

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Question H1. The Sunshine Company's income statement for the year ended January 31, 2023, and its comparathe balance sheets as of January 31,2023 and 2022 are as follows: During 2023, The Sunshine Company engaged in the below transactions: 1) Equipment that cost $27,000 with accumulated depreciation of $25,000 was sold at a gain of $10,600. 2) Funds borrowed by issuing notes payable, $50,000; notes payable repaid, $30,000. 3) Equipment purchases, $25,000. 4) Paid cash dividends, $18,000. 5) Purchase of a patent, $3,000. 6) Land and building purchased for $324,000 by signing a mortgage for the total cost. 7) Sold 3,000 shares of $20 par value common stock for a total of $100,000. Required: Using the indirect method, prepare a statement of cash flows for The Sunshine Company. Include a supporting schedule of noncash investing and financing transactions

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