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solution Statement of cash flows preparation Selected financial statement information and additional data for Stanislaus Co.is presented below. Prepare a statement of cash flows for
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Statement of cash flows preparation Selected financial statement information and additional data for Stanislaus Co.is presented below. Prepare a statement of cash flows for the year ending December 31, 2020 Land Equipment Inventory. Accounts receivable (net). Cash TOTAL 2019 58,800 504.000 168.000 84.000 42.000 856 800 December 31 2020 21,000 789,600 201,600 151.200 63.000 1.226.400 Share capital-ordinary 420,000 487,200 Retained earnings 67,200 205.800 Notes payable - Long-term. 168.000 302.400 Notes payable - Short-term 67 200 29,400 Accounts payable 50.400 86.000 Accumulated depreciation 84.000 115.600 TOTAL 856.800 1.226.400 Additional data for 2012 1. Net income was 235,200 2. Depreciation was 31,600 3. Land was sold at its onginal cost. 4. Dividends of 96,600 were paid 5. Equipment was purchased for 84.000 cash. 6. A long-term note for 201.600 was used to pay for an equipment purchase. 7. Share capital-ordinary was issued to pay a 67.200 long-term note payableStep by Step Solution
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