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Second opinion please the income statement for Lily Company reports S95 of net income, ater dede 3. The company bought equipment costing $60 and obtained

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the income statement for Lily Company reports S95 of net income, ater dede 3. The company bought equipment costing $60 and obtained a long-term bank loan for $70. accounts he comparative balance sheet below shows a few current assets and current liabilities com Cash Accounts Receivable Inventory Salaries and Wages Payable S35 75 260 $10 $240 175 135 $50 Increase 205 Increase 100 Decrease 125 Increase 40 on above information, prepare a statement of cash flows using the indirect method. Lily COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Net income ncrease in Accounts recevade et Cash Provided by Operating Activities ash Flows from Investing Activities: Net Cash Used in Investing Activities Cash Flows from Financing Activities Lone et Cash Provided by Financing Activities et Increase in Cash ash. Beginning of Current Year ash, End of Current Year terom bonk ban

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