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Solve the following problems by providing what is asked for each one. Problem 3 The comparative balance sheets for Hamilton Inc. appear below. Dec 31,

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Solve the following problems by providing what is asked for each one. Problem 3 The comparative balance sheets for Hamilton Inc. appear below. Dec 31, 2020 Dec 31, 20151 Assets Cash $29,000 $10,000 Trade receivables 23,000 14,000 Prepaid expenses 6,000 9,000 inventory 25,000 15,000 Long-term investments 0 23,000 Equipment 57,000 30,000 Accumulated depreciation equipment 18.2001 16.000 Total assets $122.000 $87.00 Liabilities and Shareholders Equity Trade payables $21,000 $9.000 Mortgage notes payable 37,000 45,000 Common shares 40,000 23,000 Retained earnings 24.002 10.000 Total liabilities and shareholders equity $122.000 $87.000 Additional information: 1. Net income for the year ending December 31, 2020 were $27.000 2. Cash dividends of $13,000 were declared and paid during the year ended December 31 2020. 3. Long-term investments that had a carrying amount of $23,000 were sold for $18,000 in 2020 Prepare only the cash flow from operating activities for the year ended Dec 31, 2020 using the indirect method. E i B I T: % S X2 #

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